Tag: property insurance
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Oklahoma Targets State Farm With RICO Allegations — A High-Stakes Test for Insurance, Oversight, and Market Stability
Oklahoma Attorney General Gentner Drummond has intervened in a dispute with State Farm, alleging systematic underpayment of hail damage claims under the “Hail Focus Initiative.” The case, citing racketeering laws, raises questions about state insurance regulation amidst soaring premiums and ongoing litigation. The outcome could significantly impact Oklahoma’s insurance market.