“The regional mutuals, you have a few storms, you've got a bad calendar year, and so they’re in problems, due to the fact all their small business is right here and that risk isn’t distribute out,” mentioned Glen Mulready, the insurance commissioner of Oklahoma.
The point out has many of the optimum insurance rates while in the place, and Mulready reported several insurers are actually refusing to write down new insurance policies for households with old roofs which might be liable to collapse all through tornadoes and hailstorms.
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