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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. Merkley says “GOP’s agenda is families lose, billionaires win” a year after Republicans “forced through” bill he claims slashed programs for working families while giving tax breaks to billionaires
Oregon – “One year ago, the GOP forced through the Big, Ugly Betrayal—slashing the programs working families count on to...
“Trump continues to profit off of his presidency,” Oregon Sen. Wyden responds after reports show President Trump made at least $1.2 billion from crypto last year
Oregon – Oregon Senator Ron Wyden is criticizing President Donald Trump following the release of a new financial disclosure reporting...
“Trump is single-handedly holding it up,” Oregon Sen. Merkley urges President Trump to sign bill he says delivers the “biggest investment in housing in 30 years” ← Best
Oregon – Oregon Senator Jeff Merkley is urging President Donald Trump to sign what lawmakers have described as the largest...
Driver cited more than $1,600 after allegedly driving 80 mph in 35 mph zone in Eugene
Eugene, OR – A driver in Eugene received more than $1,600 in citations after allegedly traveling 80 mph in a...
Eugene Police respond to nearly 110 fireworks-related calls during busy Fourth of July weekend
Eugene, OR – The Eugene Police Department responded to nearly 110 fireworks-related calls over the Fourth of July holiday as...
Eugene Police search for missing, endangered 67-year-old woman with dementia and Parkinson’s
Eugene, OR – The Eugene Police Department is asking for the public’s help locating a missing and endangered 67-year-old woman...
“I will always fight to protect the rights of trans Americans”, Oregon Sen. Wyden says everyone deserves to live without government interference after court upholds transgender athlete bans
Oregon – Oregon Sen. Ron Wyden criticized the U.S. Supreme Court’s decision upholding state laws banning transgender athletes from competing...
Oregon Sen. Merkley responds to court decision, says “Trump’s crusade against the ruling is steeped in racism” as SCOTUS delivers major ruling on citizenship
Oregon – Oregon Sen. Jeff Merkley praised a recent Supreme Court decision striking down proposed federal limits on citizenship policy,...
Oregon Gov. Kotek says she is “disappointed” ruling will lead to discrimination nationwide against trans youth after Supreme Court upholds bans on transgender athletes
Oregon – Oregon Gov. Tina Kotek criticized the U.S. Supreme Court’s decision upholding state bans on transgender athletes participating in...
Oregon Sen. Merkley says Trump admin’s new policy is “hugely expensive and damaging to Americans’ health” following controversial energy and drilling moves
Oregon – Sen. Jeff Merkley criticized the Trump administration over its energy and environmental policies, arguing that recent decisions could...
Oregon Sen. Wyden reacts after billionaire Leon Black explains Epstein ties to Congress, says “he was not a tax lawyer or accountant”
Oregon – Sen. Ron Wyden is challenging billionaire Leon Black’s explanation of his relationship with Jeffrey Epstein, saying investigators found...
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