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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.
Oregon Sen. Ron Wyden reacts to upcoming congressional vote, vows to “fight like Hell” against renewing Section 702 of FISA without major reforms
Oregon – Sen. Ron Wyden is ramping up his opposition to the renewal of a controversial federal surveillance program, warning...
Gov. Tina Kotek reflects on court victory earlier this year, says Trump had “no justification” to deploy National Guard troops in Oregon
Oregon – Gov. Tina Kotek is highlighting what she describes as a major victory for Oregon after federal courts blocked...
Sen. Merkley states “American people deserve to know the true cost of Trump’s war with Iran” as lawmakers push independent review amid growing concerns over spending estimates
Oregon – Oregon Senator Jeff Merkley said the American public deserves full transparency regarding the financial impact of the ongoing...
Oregon Sen. Jeff Merkley reacts to new Trump admin rule he says could “make it harder for critical workers to get graduate degrees”
Oregon – Oregon Senator Jeff Merkley has sharply criticized a new Trump administration student loan rule, warning that it will...
Eugene Springfield Fire encourages local community to take part in blood drive with $10,000 giveaway opportunity
Eugene, OR – Eugene Springfield Fire is encouraging community members to participate in an upcoming blood donation event in partnership...
Eugene Springfield Fire Class 35 completes final live fire training evolutions
Eugene, OR – Eugene Springfield Fire shared that Class 35 completed their final dynamic live fire evolutions during training conducted...
Gov. Kotek says Oregon will protect gender-affirming care as “Trump threatens doctors and subpoenas hospitals for providing it” while recognizing Pride Month
Oregon – “This Pride Month, we stand with Oregon’s LGBTQIA+ community by taking action. As Trump threatens doctors and subpoenas...
Gov. Kotek reacts to immigration debate, says “Trump’s chaos threatened Oregon” and claims she “took action to protect immigrant and refugee families”
Oregon – “Oregon was the first sanctuary state in the nation. When President Trump’s chaos threatened Oregon communities, I took...
ESF swears in four experienced firefighters joining from across western Oregon
Eugene, OR – Eugene Springfield Fire recently held a rare swearing-in ceremony welcoming four experienced firefighters from across western Oregon...
Eugene Springfield Fire hosts regional live fire training with partner agencies at historic training facility
Eugene, OR – Eugene Springfield Fire recently hosted live fire training exercises at its regional training facility, bringing together multiple...
Eugene Police respond to motorcycle crash on Beltline Highway on-ramp, rider hospitalized with non-life-threatening injuries
Eugene, OR – Eugene Police responded to a motorcycle crash involving a Harley Davidson on May 30 at approximately 7:41...
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