{"id":753156,"date":"2025-11-21T06:00:00","date_gmt":"2025-11-21T12:00:00","guid":{"rendered":"https:\/\/oklahomawatch.org\/?p=753156"},"modified":"2025-11-20T23:32:34","modified_gmt":"2025-11-21T05:32:34","slug":"potential-oligopoly-a-deep-dive-into-competition-in-homeowners-insurance","status":"publish","type":"post","link":"https:\/\/oklahomawatch.org\/2025\/11\/21\/potential-oligopoly-a-deep-dive-into-competition-in-homeowners-insurance\/","title":{"rendered":"Potential Oligopoly: A Deep Dive Into Competition in Homeowners Insurance"},"content":{"rendered":"<div class=\"wp-block-custom-everlit-iframe-embed\"><iframe loading=\"lazy\" title=\"Everlit Audio Player\" src=\"https:\/\/everlit.audio\/embeds\/artl_1Pn5bCvnVxa?client=wp&amp;client_version=2.6.0\" width=\"100%\" height=\"80px\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen=\"\"><\/iframe><\/div>\n\n\n<p><strong><em>Editor\u2019s Note: This story is an addendum to <\/em><\/strong><a href=\"https:\/\/oklahomawatch.org\/2025\/11\/20\/lawmakers-ag-challenge-insurance-commissioners-competitive-market-claims\/\"><strong><em>our Nov. 20, 2025, story<\/em><\/strong><\/a><strong><em> on competition in the Oklahoma homeowners insurance market.<\/em><\/strong><\/p>\n\n\n\n<p>As the Oklahoma homeowners insurance market has come under intense pressure, Insurance Commissioner Glen Mulready has said that the market is highly competitive, citing the<a href=\"https:\/\/www.oid.ok.gov\/getready5_2025\/\"> total number<\/a> of insurers in the market \u2014 about 100 licensed to write policies and 50 actively doing so.<\/p>\n\n\n\n<p>In October, in response to a critical<a href=\"https:\/\/drive.google.com\/file\/d\/1Y2mUjOgUmsWAfhYvDHEbd64Gi91ERCD7\/view\"> letter<\/a> from Attorney General Gentner Drummond, Mulready offered additional evidence of a highly competitive market:<a href=\"https:\/\/docs.google.com\/document\/d\/1oxLIy90QBV7DhVIjDNbmMQRYEYHXsEQU\/edit?usp=sharing&amp;ouid=103604382618565252213&amp;rtpof=true&amp;sd=true\"> federal standards.<\/a><\/p>\n\n\n\n<p>Oklahoma Watch\u2019s investigation into the history of Oklahoma insurance legislation and measures of market concentration \u2014 that is, how economists quantify competition \u2014 revealed the shortcomings of those tools to evaluate competition in the Oklahoma homeowners market.<\/p>\n\n\n\n<p><strong>Firm Count, CR4, and HHI<\/strong><\/p>\n\n\n\n<p>Mulready has cited the number of active insurers in Oklahoma as evidence of competition in the homeowners market, a firm count system.<\/p>\n\n\n\n<p>However, firm count is a preliminary, basic indicator of competition that can<\/p>\n\n\n\n<p><a href=\"https:\/\/www.richmondfed.org\/publications\/research\/economic_brief\/2019\/eb_19-06\">fail to account<\/a> for whether market power, and not simply market concentration, is on the rise.<\/p>\n\n\n\t<div class=\"wp-block-newspack-blocks-homepage-articles is-style-borders wpnbha show-image image-alignright ts-4 is-1 is-landscape is-style-borders\" style=\"\">\n\t\t<div data-posts data-current-post-id=\"746893\">\n\t\t\t\t\t\t\t<h2 class=\"article-section-title\">\n\t\t\t\t\t<span>the latest<\/span>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\n\t<article data-post-id=\"754196\" class=\"tag-attorney-general tag-cdc tag-covid-19 tag-george-monks tag-measles tag-oklahoma-news tag-oklahoma-state-department-of-health tag-oklahoma-state-medical-association tag-whooping-cough category-health category-publichealth type-post post-has-image\">\n\t\t\t\t\t\t\t<figure class=\"post-thumbnail\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/2026\/01\/05\/oklahoma-health-department-refuses-to-share-county-level-measles-data\/\" rel=\"bookmark\" tabindex=\"-1\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=1200%2C900&amp;ssl=1\" class=\"attachment-newspack-article-block-landscape-large size-newspack-article-block-landscape-large wp-post-image\" alt=\"Oklahoma Health Department Refuses to Share County-Level Measles Data\" data-hero-candidate=\"1\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=1200%2C900&amp;ssl=1 1200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?zoom=2&amp;resize=1200%2C900&amp;ssl=1 2400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/Monks_15-scaled.jpg?resize=1200%2C900&amp;ssl=1&amp;w=370 370w\" sizes=\"auto, (min-width: 782px) 600px, (min-width: 600px) 42.5vw, 90vw\">\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/figure><!-- .featured-image -->\n\t\t\n\t\t<div class=\"entry-wrapper\">\n\t\t\t\t\t\t<h3 class=\"entry-title\"><a href=\"https:\/\/oklahomawatch.org\/2026\/01\/05\/oklahoma-health-department-refuses-to-share-county-level-measles-data\/\" rel=\"bookmark\">Oklahoma Health Department Refuses to Share County-Level Measles Data<\/a><\/h3>\t\t\t\t\t\t\t\t\t\t<div class=\"entry-meta\">\n\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/author\/paulmonies\/\"><img data-recalc-dims=\"1\" alt=\"Avatar photo\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/cropped-Paul-Monies.jpg?resize=48%2C48&amp;ssl=1\" srcset=\"https:\/\/oklahomawatch.org\/wp-content\/uploads\/2022\/08\/cropped-Paul-Monies-96x96.jpg 2x\" class=\"avatar avatar-48 photo\" height=\"48\" width=\"48\"><\/a>\t\t\t\t\t\t<span class=\"byline\">\n\t\t\t\t\t\t\t<span class=\"author-prefix\">by<\/span> <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/oklahomawatch.org\/author\/paulmonies\/\">Paul Monies<\/a><\/span>\t\t\t\t\t\t<\/span><!-- .author-name -->\n\t\t\t\t\t\t<time class=\"entry-date published\" datetime=\"2026-01-05T06:01:00-06:00\">January 5, 2026<\/time><time class=\"updated\" datetime=\"2026-01-05T11:05:42-06:00\">January 5, 2026<\/time>\t\t\t\t<\/div><!-- .entry-meta -->\n\t\t\t\t\t\t\t\t<\/div><!-- .entry-wrapper -->\n\t<\/article>\n\n\t\t\t\t<\/div>\n\t\t\n\t<\/div>\n\t\n\n\n<p>In other words, a higher number of firms is a good initial sign, but a market with few firms may\u00a0 <a href=\"https:\/\/www.journals.uchicago.edu\/doi\/full\/10.1086\/707169\">be competitive<\/a> nevertheless, and one that has many firms but just one with dominant market power \u2014 as is the case of State Farm in the Oklahoma homeowners market \u2014 can falsely suggest the presence of healthy competition.<\/p>\n\n\n\n<p>Beyond simply counting firms, there are two main measures of market concentration or competition: the four-firm concentration ratio, known as <a href=\"https:\/\/www.investopedia.com\/terms\/c\/concentrationratio.asp#:~:text=in%20an%20industry.-,What%20Is%20the%20Concentration%20Ratio?,firms%20influence%20prices%20and%20competition.\">CR4<\/a>, and the Herfindahl-Hirschman Index, or<a href=\"https:\/\/www.investopedia.com\/terms\/c\/concentrationratio.asp#:~:text=in%20an%20industry.-,What%20Is%20the%20Concentration%20Ratio?,firms%20influence%20prices%20and%20competition.\"> <\/a><a href=\"https:\/\/www.justice.gov\/atr\/herfindahl-hirschman-index#:~:text=The%20term%20%E2%80%9CHHI%E2%80%9D%20means%20the,Guidelines%20%C2%A7%202.1%20(2023).\">HHI<\/a>.<\/p>\n\n\n\n<p><strong>CR4<\/strong><\/p>\n\n\n\n<p>CR4 is calculated by adding together the percentage of market share of the top four companies in a particular market. A score below 40 indicates low concentration or a competitive market; above 70 is highly concentrated and likely a monopoly. Scores between 40 and 60 indicate moderate competition, indicating a<a href=\"https:\/\/en.wikipedia.org\/wiki\/Concentration_ratio\"> likely oligopoly<\/a>. An oligopoly is a market dominated by a small number of firms with significant market shares, as in Oklahoma\u2019s homeowners market, where the top four companies hold more than 60% of the business.<\/p>\n\n\n\n<p>Like firm counts, CR4 can provide misleading data by<a href=\"https:\/\/en.wikipedia.org\/wiki\/Concentration_ratio\"> failing to account<\/a> for an unequal distribution of market share. For example, a market whose top four firms each control 10% of the market would be clearly competitive and would score 40 on the CR4 scale. A different market whose top four firms controlled 34%, 2%, 2%, and 2% of the market would be noncompetitive, but would still score 40 on the CR4 scale.<\/p>\n\n\n\n<p>CR4 is a historical measure with weak sensitivity to rapid changes in how a market might adapt to technological innovations. Insurance in general, and property and casualty in particular (including homeowners insurance), is a<a href=\"https:\/\/www.insurancebusinessmag.com\/us\/news\/breaking-news\/pandc-market-map-insights-for-carrier-growth-and-differentiation-550184.aspx\"> rapidly evolving<\/a> industry on a number of metrics that may leave a CR4 evaluation unable to measure true competition.<\/p>\n\n\n\n<p><strong>HHI<\/strong><\/p>\n\n\n\n<p>HHI<a href=\"https:\/\/hal.science\/hal-01008144v1#:~:text=Among%20the%20several%20indices%20proposed,requires%20just%20the%20top%20four.\"> compensates<\/a> for some of CR4\u2019s shortcomings, but retains shortcomings of its own.<\/p>\n\n\n\n<p>HHI is calculated by adding the squares of the percentages of market share of all of a market\u2019s firms, producing a number between 0 and 10,000. In 2023, the<a href=\"https:\/\/drive.google.com\/file\/d\/1ZNKDI2jAPpcqxQWiOZkJdXsFhaWKZ1Uh\/view?usp=sharing\"> Department of Justice<\/a> adjusted the numbers so that an HHI score below 1000 indicates a competitive market; above 1800 is highly concentrated, and risks noncompetitive behavior. Between 1000-1800 is moderately concentrated, again edging into oligopoly territory.<\/p>\n\n\n\n<p>HHI is intended for the evaluation of mergers and adherence to antitrust laws; it is not perfectly suited to insurance, which enjoys conditional immunity to antitrust laws. However, even outside the insurance industry, HHI is not considered a particularly<a href=\"https:\/\/www.commonwealthfund.org\/publications\/issue-briefs\/2015\/nov\/evaluating-impact-health-insurance-industry-consolidation\"> good proxy<\/a> for true competitiveness, though it is widely regarded as the best tool available.<\/p>\n\n\n\n<p>Like CR4, HHI may be<a href=\"https:\/\/www.investopedia.com\/ask\/answers\/051415\/what-are-benefits-and-shortfalls-herfindahlhirschman-index.asp\"> too simplistic<\/a>, and suffers from the same inability to evaluate the full impact of a market with a single dominant player. Counterintuitively, lower prices in health insurance have sometimes been found in markets that have<a href=\"https:\/\/www.commonwealthfund.org\/publications\/issue-briefs\/2015\/nov\/evaluating-impact-health-insurance-industry-consolidation\"> higher HHI scores<\/a>.<\/p>\n\n\n\n<p><strong>The Data Don\u2019t Match<\/strong><\/p>\n\n\n\n<p>Oklahoma Watch\u2019s CR4 and HHI calculations relied on market share<a href=\"https:\/\/drive.google.com\/file\/d\/1bYaRJZZwv8A75EfJG6PftuYFaylDi5GT\/view?usp=sharing\"> data<\/a> from the National Association of Insurance Commissioners. Oklahoma Watch also ran calculations on <a href=\"https:\/\/drive.google.com\/file\/d\/1DZLhfXtwz_ZlC_IlKWcJH64lENwIw9jq\/view?usp=sharing\">data<\/a> from the insurance commission\u2019s annual reports.<\/p>\n\n\n\n<p>The two data sets don\u2019t match.<\/p>\n\n\n\n<p>For example, in 2022, the insurance commission measured the market share of Allstate at 6.071%; the NAIC number for Allstate was 9.48%. In 2024, the insurance commission measured the market share of State Farm at 28.6%; the NAIC number was 30.43%.<\/p>\n\n\n\n<p>Economist Birny Birnbaum, executive director of the Austin, Texas\u2013based Center for Economic Justice, offered an explanation for the discrepancies.<\/p>\n\n\n\n<p>\u201cI think the reason is that the OK report shows individual company market shares while the NAIC shows insurer group market shares,\u201d Birnbaum said in an email.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"429\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=600%2C429&amp;ssl=1\" alt=\"\" class=\"wp-image-753163\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=600%2C429&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=300%2C214&amp;ssl=1 300w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=768%2C549&amp;ssl=1 768w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=1024%2C732&amp;ssl=1 1024w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=780%2C558&amp;ssl=1 780w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=400%2C286&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?resize=706%2C505&amp;ssl=1 706w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data.png?w=1105&amp;ssl=1 1105w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/Market-Concentration-Measure-Data-600x429.png?w=370&amp;ssl=1 370w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\"><\/figure>\n<\/div>\n\n\n<p>Counting companies instead of groups can have a profound impact on CR4 and HHI results. For example, imagine three separate companies forming a single insurer group \u2014 effectively one organization \u2014 that control 26%, 2%, and 2% of a market. The HHI evaluation of the group would add the percentages together and square it: 900. However, if the insurer group is counted as individual companies, the HHI impact is reduced to 684.<\/p>\n\n\n\n<p>According to the 2023 DOJ merger guidelines report, a shift of 100 points on the HHI scale is considered significant.<\/p>\n\n\n\n<p>In Oklahoma, for example, Allstate Property and Casualty Insurance Company offers homeowners insurance, as do National General Insurance and Encompass Insurance, which are both Allstate subsidiaries.<\/p>\n\n\n\n<p>\u201cCounting individual insurance companies instead of insurer groups is clearly the wrong way to count the number of competitors in the marketplace,\u201d Birnbaum said in an email.<\/p>\n\n\n\n<p><strong>A Potential Oligopoly<\/strong><\/p>\n\n\n\n<p>Oklahoma Watch\u2019s investigation revealed that the Oklahoma homeowners market, on either the CR4 or HHI scales and using either NAIC or insurance department data, is moderately concentrated. That is, a potential oligopoly with a few companies dominating the market share.<\/p>\n\n\n\n<p>The calculations also revealed a significant gap between the NAIC and insurance department data.<\/p>\n\n\n\n<p>On the HHI scale, the average gap over ten years between the NAIC and insurance department data was 207.36 points. On the CR4 scale, the average gap was 9.35 points. In 2024 alone, the gap in HHI was more than 300 points.<\/p>\n\n\n\n<p>In both HHI and CR4, the insurance department data suggests a more competitive market than the NAIC data.<\/p>\n\n\n\n<p>In an email to Oklahoma Watch, Mulready confirmed that the annual reports counted companies, not insurer groups. Using the example above, that means Allstate, National General and Encompass are counted as three separate companies. When considering the competitiveness of markets, the department will additionally look at group data, Mulready said. He denied that there was a meaningful shift between companies and groups.<\/p>\n\n\n\n<p>\u201cWhen running those numbers, the group indexes do change but not in a significant manner that changes the competitive market scoring for them,\u201d Mulready said.<\/p>\n\n\n\n<p>For Birnbaum, the amount of change was not important.<\/p>\n\n\n\n<p>\u201cWhether the difference is big or small is not relevant,\u201d Birnbaum said in an email. \u201cThe fact that the OID uses HHI based on companies and not groups reveals either a profound lack of understanding of competition or an intent to deceive or both.\u201d<\/p>\n\n\n\n<p><em>This story is part of our investigative series on homeowners insurance rates in Oklahoma. You can find all the previous stories <a href=\"https:\/\/oklahomawatch.org\/series\/hail-no-why-homeowners-insurance-is-so-expensive\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/em><\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\" style=\"padding-top:var(--wp--preset--spacing--20);padding-bottom:var(--wp--preset--spacing--20)\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\"><div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"600\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?resize=600%2C600&amp;ssl=1\" alt=\"\" class=\"wp-image-747889\" style=\"object-fit:cover;width:160px;height:auto\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?w=600&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?resize=140%2C140&amp;ssl=1 140w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?resize=400%2C400&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?resize=200%2C200&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?resize=100%2C100&amp;ssl=1 100w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/JC-Hallman.png?w=370&amp;ssl=1 370w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\"><\/figure>\n<\/div>\n\n\n<p><em>JC Hallman covers a variety of topics for Oklahoma Watch. Contact him at <a href=\"mailto:jchallman@oklahomawatch.org\">jchallman@oklahomawatch.org<\/a>.<\/em><\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-small-font-size\" style=\"padding-right:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--20)\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-56a9e311 wp-block-group-is-layout-constrained\">\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<\/div><\/div>\n\n\n\t<div class=\"wp-block-newspack-blocks-homepage-articles  wpnbha is-grid columns-3 colgap-3 show-image image-aligntop ts-4 is-3 is-landscape \" style=\"\">\n\t\t<div data-posts data-current-post-id=\"753156\">\n\t\t\t\t\t\t\t<h2 class=\"article-section-title\">\n\t\t\t\t\t<span>MORE FROM JC HALLMAN<\/span>\n\t\t\t\t<\/h2>\n\t\t\t\t\t\t\n\t<article data-post-id=\"754167\" class=\"tag-amy-palumbo tag-attorney-general-mike-hunter tag-gentner-drummond tag-homeowners-insurance tag-insurance tag-oklahoma-insurance-commissioner-glen-mulready tag-oklahoma-news tag-state-farm category-business series-hail-no-why-homeowners-insurance-is-so-expensive type-post post-has-image\">\n\t\t\t\t\t\t\t<figure class=\"post-thumbnail\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/2025\/12\/31\/judge-allows-attorney-general-to-intervene-in-state-farm-hail-lawsuit\/\" rel=\"bookmark\" tabindex=\"-1\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?resize=1200%2C900&amp;ssl=1\" class=\"attachment-newspack-article-block-landscape-large size-newspack-article-block-landscape-large wp-post-image\" alt=\"Judge Allows Attorney General to Intervene in State Farm Hail Lawsuit\" data-hero-candidate=\"1\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?resize=1200%2C900&amp;ssl=1 1200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?zoom=2&amp;resize=1200%2C900&amp;ssl=1 2400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/FullSizeRender-preview-scaled.jpg?resize=1200%2C900&amp;ssl=1&amp;w=370 370w\" sizes=\"auto, (max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\">\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/figure><!-- .featured-image -->\n\t\t\n\t\t<div class=\"entry-wrapper\">\n\t\t\t\t\t\t<h3 class=\"entry-title\"><a href=\"https:\/\/oklahomawatch.org\/2025\/12\/31\/judge-allows-attorney-general-to-intervene-in-state-farm-hail-lawsuit\/\" rel=\"bookmark\">Judge Allows Attorney General to Intervene in State Farm Hail Lawsuit<\/a><\/h3>\t\t\t\t\t\t<p>Emotions flared and patience was tested as Oklahoma County District Court Judge Amy Palumbo granted Attorney General Gentner Drummond\u2019s effort to intervene in a State Farm hail case that has raised ire in Oklahoma.<\/p>\n\t\t\t\t<div class=\"entry-meta\">\n\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/author\/jchallman\/\"><img data-recalc-dims=\"1\" alt=\"Avatar photo\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/cropped-Hallman.jpg?resize=48%2C48&amp;ssl=1\" srcset=\"https:\/\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/cropped-Hallman-96x96.jpg 2x\" class=\"avatar avatar-48 photo\" height=\"48\" width=\"48\"><\/a>\t\t\t\t\t\t<span class=\"byline\">\n\t\t\t\t\t\t\t<span class=\"author-prefix\">by<\/span> <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/oklahomawatch.org\/author\/jchallman\/\">J.C. Hallman<\/a><\/span>\t\t\t\t\t\t<\/span><!-- .author-name -->\n\t\t\t\t\t\t\t\t\t\t<\/div><!-- .entry-meta -->\n\t\t\t\t\t\t\t\t<\/div><!-- .entry-wrapper -->\n\t<\/article>\n\n\t\t\n\t<article data-post-id=\"754029\" class=\"tag-billy-hursh tag-elections tag-gentner-drummond tag-homeowners tag-insurance tag-oklahoma-insurance-commissioner-glen-mulready tag-oklahoma-news tag-racketeering tag-rep-mark-tedford tag-sen-aaron-reinhardt tag-sen-julia-kirt tag-state-farm tag-state-rep-andy-fugate category-politics category-uncategorized type-post post-has-image\">\n\t\t\t\t\t\t\t<figure class=\"post-thumbnail\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/2025\/12\/26\/too-little-too-late-too-weak-critics-react-to-proposed-insurance-legislation\/\" rel=\"bookmark\" tabindex=\"-1\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?resize=1200%2C900&amp;ssl=1\" class=\"attachment-newspack-article-block-landscape-large size-newspack-article-block-landscape-large wp-post-image\" alt=\"Too Little, Too Late, Too Weak: Critics React to Proposed Insurance Legislation\" data-hero-candidate=\"1\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?resize=1200%2C900&amp;ssl=1 1200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?zoom=2&amp;resize=1200%2C900&amp;ssl=1 2400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/TED_3242-scaled.jpg?resize=1200%2C900&amp;ssl=1&amp;w=370 370w\" sizes=\"auto, (max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\">\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/figure><!-- .featured-image -->\n\t\t\n\t\t<div class=\"entry-wrapper\">\n\t\t\t\t\t\t<h3 class=\"entry-title\"><a href=\"https:\/\/oklahomawatch.org\/2025\/12\/26\/too-little-too-late-too-weak-critics-react-to-proposed-insurance-legislation\/\" rel=\"bookmark\">Too Little, Too Late, Too Weak: Critics React to Proposed Insurance Legislation<\/a><\/h3>\t\t\t\t\t\t<p>Critics say new laws proposed by the insurance department ignore pervasive and sustained outrage over skyrocketing homeowners rates and would make it more difficult for policyholders to fight back.<\/p>\n\t\t\t\t<div class=\"entry-meta\">\n\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/author\/jchallman\/\"><img data-recalc-dims=\"1\" alt=\"Avatar photo\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/cropped-Hallman.jpg?resize=48%2C48&amp;ssl=1\" srcset=\"https:\/\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/cropped-Hallman-96x96.jpg 2x\" class=\"avatar avatar-48 photo\" height=\"48\" width=\"48\"><\/a>\t\t\t\t\t\t<span class=\"byline\">\n\t\t\t\t\t\t\t<span class=\"author-prefix\">by<\/span> <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/oklahomawatch.org\/author\/jchallman\/\">J.C. Hallman<\/a><\/span>\t\t\t\t\t\t<\/span><!-- .author-name -->\n\t\t\t\t\t\t\t\t\t\t<\/div><!-- .entry-meta -->\n\t\t\t\t\t\t\t\t<\/div><!-- .entry-wrapper -->\n\t<\/article>\n\n\t\t\n\t<article data-post-id=\"753918\" class=\"tag-attorney-general tag-class-action-lawsuit tag-consumer-protection tag-corporate-accountability tag-corporate-misconduct tag-gentner-drummond tag-hail-damage tag-hurricane-katrina tag-insurance-claims tag-insurance-industry tag-insurance-litigation tag-legal-settlement tag-mckinsey-report tag-oklahoma tag-oklahoma-news tag-policyholder-rights tag-racketeering tag-rico tag-state-farm tag-wind-damage category-business series-hail-no-why-homeowners-insurance-is-so-expensive type-post post-has-image\">\n\t\t\t\t\t\t\t<figure class=\"post-thumbnail\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/2025\/12\/18\/state-farm-dodged-billions-in-2018-settlement-now-faces-fresh-rico-charges-in-oklahoma\/\" rel=\"bookmark\" tabindex=\"-1\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/635238368079.jpg?resize=1200%2C900&amp;ssl=1\" class=\"attachment-newspack-article-block-landscape-large size-newspack-article-block-landscape-large wp-post-image\" alt=\"State Farm Dodged Billions in 2018 Settlement, Now Faces Fresh RICO Charges in Oklahoma\" data-hero-candidate=\"1\" srcset=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/635238368079.jpg?resize=1200%2C900&amp;ssl=1 1200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/635238368079.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/635238368079.jpg?resize=600%2C450&amp;ssl=1 600w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/635238368079.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/635238368079.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/12\/635238368079.jpg?resize=1200%2C900&amp;ssl=1&amp;w=370 370w\" sizes=\"auto, (max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\">\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/figure><!-- .featured-image -->\n\t\t\n\t\t<div class=\"entry-wrapper\">\n\t\t\t\t\t\t<h3 class=\"entry-title\"><a href=\"https:\/\/oklahomawatch.org\/2025\/12\/18\/state-farm-dodged-billions-in-2018-settlement-now-faces-fresh-rico-charges-in-oklahoma\/\" rel=\"bookmark\">State Farm Dodged Billions in 2018 Settlement, Now Faces Fresh RICO Charges in Oklahoma<\/a><\/h3>\t\t\t\t\t\t<p>Attorney General Gentner Drummond\u2019s petition charging State Farm with racketeering under Oklahoma\u2019s version of the RICO laws is not the first time that Oklahoma\u2019s largest writer of homeowners insurance has been accused of being a criminal enterprise. Last time, State Farm agreed to pay $250 million; will they settle once again?<\/p>\n\t\t\t\t<div class=\"entry-meta\">\n\t\t\t\t\t<a href=\"https:\/\/oklahomawatch.org\/author\/jchallman\/\"><img data-recalc-dims=\"1\" alt=\"Avatar photo\" src=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/cropped-Hallman.jpg?resize=48%2C48&amp;ssl=1\" srcset=\"https:\/\/oklahomawatch.org\/wp-content\/uploads\/2025\/01\/cropped-Hallman-96x96.jpg 2x\" class=\"avatar avatar-48 photo\" height=\"48\" width=\"48\"><\/a>\t\t\t\t\t\t<span class=\"byline\">\n\t\t\t\t\t\t\t<span class=\"author-prefix\">by<\/span> <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/oklahomawatch.org\/author\/jchallman\/\">J.C. Hallman<\/a><\/span>\t\t\t\t\t\t<\/span><!-- .author-name -->\n\t\t\t\t\t\t\t\t\t\t<\/div><!-- .entry-meta -->\n\t\t\t\t\t\t\t\t<\/div><!-- .entry-wrapper -->\n\t<\/article>\n\n\t\t\t\t<\/div>\n\t\t\n\t<\/div>\n\t","protected":false},"excerpt":{"rendered":"<p>Oklahoma Watch\u2019s calculations to evaluate competition in Oklahoma\u2019s homeowners insurance market raise serious questions about the statistics Insurance Commissioner Glen Mulready may have used as premiums have skyrocketed.<\/p>\n","protected":false},"author":2628589,"featured_media":753160,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"gigafact_has_fact_brief":false,"gigafact_remote_fact_brief_post_id":0,"gigafact_remote_sync_timestamp":"","gigafact_remote_sync_status":"","gigafact_remote_sync_response":"","gigafact_has_been_published":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"everlit_article_id":"artl_1Pn5bCvnVxa","everlit_hide_embed":false,"everlit_embed_size":"","everlit_generation_settings":{"primary_voice":"23","guest_voice":"48","default_sonic_optimization":false,"default_conversation_mode":false,"default_read_alt_text":false,"default_read_urls":false,"default_read_author_byline":false,"default_publication":"pblc_lV8RK9ULW4x","language":"en-US","intro_mixable":3,"outro_mixable":3,"intro_duration":15,"outro_duration":15,"intro_padding":3,"outro_padding":4,"default_skip_article_image":false,"skip_auto_generation":false,"disable_music":false,"disclaimer":"","disclaimer_voice":"","is_for_subscriber":false,"embed_ui_cover_art":true,"embed_ui_title_intro":"","embed_ui_title_icon":""},"_everlit_article_id":"","_everlit_hide_embed":false,"_everlit_embed_size":"","_everlit_generation_settings":[],"_everlit_content_hash":"","_everlit_metadata_hash":"b62a0a79697cee2c80230a877b850f18","_newspack_byline_active":false,"_newspack_byline":"","newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[183],"tags":[21439,21431,21438,21444,21443,21442,20893,21437,21056,21445,21440],"series":[21432],"coauthors":[20669],"class_list":["post-753156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-birny-birnbaum","tag-competition","tag-cr4","tag-csaa","tag-farm-bureau","tag-farmers","tag-glen-mulready","tag-hhi","tag-homeowners-insurance","tag-mercury","tag-state-farm","series-hail-no-why-homeowners-insurance-is-so-expensive","entry"],"fact_brief":null,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Potential Oligopoly: A Deep Dive Into Competition in Homeowners Insurance - Oklahoma Watch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oklahomawatch.org\/2025\/11\/21\/potential-oligopoly-a-deep-dive-into-competition-in-homeowners-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Potential Oligopoly: A Deep Dive Into Competition in Homeowners Insurance - Oklahoma Watch\" \/>\n<meta property=\"og:description\" content=\"Oklahoma Watch\u2019s calculations to evaluate competition in Oklahoma\u2019s homeowners insurance market raise serious questions about the statistics Insurance Commissioner Glen Mulready may have used as premiums have skyrocketed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/oklahomawatch.org\/2025\/11\/21\/potential-oligopoly-a-deep-dive-into-competition-in-homeowners-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Oklahoma Watch\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OklahomaWatch\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-21T12:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/oklahomawatch.org\/wp-content\/uploads\/2025\/11\/statefarmcorporateheadquarters.jpg?fit=900%2C632&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"632\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"J.C. 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