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The Oregon FAIR Plan Association board of directors approved an increase in coverage limits for personal and commercial dwellings
Medford, OR – According to the statement, the Oregon FAIR Plan Association board also hired Stephen Steinbeck as executive director.
State officials also said that the Oregon FAIR Plan Association board increased the retention limits for the FAIR Plan, the state’s insurer of last resort, to $600,000 for personal dwellings and farms and $1 million for commercial dwellings at the urging of the Oregon Division of Financial Regulation (DFR).
The previous coverage limits were $400,000 and $700,000.
A retention limit is the maximum amount an insurance company will pay for claims.
The new limits expand the protection offered to Oregon consumers as housing values and construction costs continue to increase.
The new limits became effective May 1 and is the first increase in coverage limits since 2016.
Sen. Wyden responds after digital extortion group breached FBI and stole data from employees, says ‘the FBI can’t even protect its own staff from being hacked’
Oregon – Oregon Sen. Ron Wyden is criticizing the FBI after the cybercriminal group ShinyHunters claimed it breached an FBI...
Oregon Sen. Merkley calls out Republican colleagues, says ‘if they have any integrity or any spine, they will join us in ending’ President Trump’s pocket rescission practice
Oregon – “Republican colleagues said they would never let this happen. Well here it is. They should ask themselves: ‘How...
ESF crews assist Oakridge Fire at structure fire that impacted four buildings across three properties
Eugene, OR – Eugene Springfield Fire crews responded to Oakridge early Thursday morning to assist with a structure fire on...
39-year-old man arrested on drug charges after Eugene police find 10 grams of meth outside elementary school
Eugene, OR – Eugene police arrested a 39-year-old man Thursday morning outside Danebo Elementary School after officers responded to a report...
Eugene police arrest DUII driver after repeatedly crashing into bank building on Willamette Street
Eugene, OR – Eugene police arrested a 29-year-old man after he repeatedly crashed a Subaru into a bank building on...
Eugene police officer reads to elementary students in honor of Dolly Parton Day
Eugene, OR – Eugene Police Department Community Engagement Team Officer Steven Chambers visited Awbrey Park Elementary School to read to...
Oregon Sen. Wyden accuses President Trump of giving away public lands, claims “so his billionaire buddies can build more data centers that steal your water and drive up energy prices”
Oregon – “Trump is giving away your public lands in Oregon and the West. All so his billionaire buddies can...
Sen. Merkley responds to Supreme Court ruling, warns “it’s just plain scary” after three justices express support for administration’s position on new USPS restrictions for mail-in ballots
Oregon – “Big news from the Supreme Court. Our work continues to protect vote by mail,” Sen. Jeff Merkley said...
Oregon Gov. Kotek draws response from opponent as Republican candidate claims the governor “declined to participate in debate” while accusing her of avoiding a live audience
Oregon – “But YOU declined the debate,” Republican Oregon gubernatorial candidate Christine Drazan said in response to Gov. Tina Kotek...
Structure fire breaks out in Eugene multi-unit residence as crews find flames in first-floor kitchen
Eugene, OR – Eugene Springfield Fire crews responded to a structure fire Sunday morning at a multi-unit residential building in...
Eugene police arrest 47-year-old man months after hit-and-run seriously injured bicyclist, truck owner allegedly reported vehicle stolen to police
Eugene, OR – Eugene police arrested a 47-year-old man Monday in connection with a July hit-and-run crash that seriously injured...
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Eugene1 week ago
Oregon Gov. Kotek draws response from opponent as Republican candidate claims the governor “declined to participate in debate” while accusing her of avoiding a live audience
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Eugene1 week ago
Sen. Merkley responds to Supreme Court ruling, warns “it’s just plain scary” after three justices express support for administration’s position on new USPS restrictions for mail-in ballots
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Oregon1 week ago
Oregon Sen. Wyden accuses President Trump of giving away public lands, claims “so his billionaire buddies can build more data centers that steal your water and drive up energy prices”
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Eugene1 week ago
Woman arrested after police say she sat in the middle of the road and attempted to roll in front of a moving vehicle in Eugene
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Eugene3 days ago
Oregon Sen. Merkley calls out Republican colleagues, says ‘if they have any integrity or any spine, they will join us in ending’ President Trump’s pocket rescission practice
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Eugene1 week ago
Eugene police arrest 47-year-old man months after hit-and-run seriously injured bicyclist, truck owner allegedly reported vehicle stolen to police
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Eugene1 week ago
Structure fire breaks out in Eugene multi-unit residence as crews find flames in first-floor kitchen
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