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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 gubernatorial candidate Drazan accuses Gov. Kotek of making homelessness “chronic and permanent” as governor says crisis “wasn’t created overnight and won’t be solved overnight”
Oregon – “Homelessness must be rare and temporary but under Tina Kotek’s failed leadership it’s chronic and permanent.” Oregon Republican...
Oregon Sen. Merkley says getting anything done in the Senate is like “wading through tar” as he joins Montana Republican Sen. Daines in proposing sweeping rules overhaul
Oregon – “Trying to get anything done in the Senate feels like wading through tar.” Oregon Sen. Jeff Merkley made...
Oregon Sen. Wyden takes aim at President Trump over diesel deal, says “he’s rewarding Putin with a windfall agreement that won’t even lower prices”
Oregon – Oregon Sen. Ron Wyden criticized President Donald Trump’s agreement with Russian President Vladimir Putin to supply diesel to...
Large fire involving palletized wood shavings breaks out at Coastal Farm & Ranch in Eugene, prompting early morning response from ESF
Eugene, OR – Eugene Springfield Fire (ESF) crews responded to a reported structure fire at Coastal Farm & Ranch in...
ESF crews work overnight to contain mill fire on Milliron Road as scene expected to remain active for days
Eugene, OR – Eugene Springfield Fire (ESF) crews worked overnight and into the morning as part of a countywide mutual...
Eugene woman arrested for DUII after allegedly speeding, swerving and refusing to exit vehicle, police say her blood alcohol level was .25%
Eugene, OR – The Eugene Police Department arrested a 33-year-old woman after an officer reportedly witnessed her speeding and swerving...
Oregon Sen. Jeff Merkley speaks out after Democrats block Republican stock trading bill, says ‘the bill Republicans are pushing is a sham’
Oregon – Sen. Jeff Merkley is calling for a complete ban on stock trading by members of Congress after the...
Senate candidate Drazan takes aim at Democrat opponent, says Gov. Kotek should ‘spend less time obsessing over Trump’ and more time fixing Oregon after heated debate
Oregon – Oregon state Sen. Christine Drazan is escalating her criticism of Gov. Tina Kotek, saying the Democratic governor should...
Elderly woman arrested for DUII after rear-ending vehicle, nearly crashing into victim again with little child in car before refusing to take a breath test
Eugene, OR – A 61-year-old Eugene grandmother was arrested for DUII Thursday evening after a crash and after police said...
Eugene man arrested after allegedly pistol-whipping unhoused man in the head, attacking another victim and leaving firearm in dumpster downtown
Eugene, OR – Eugene police arrested a 22-year-old man after he reportedly pistol-whipped an unhoused community member and was involved...
22-year-old woman arrested for DUII after driving over sidewalk, handing officer credit card instead of license and refusing to get into patrol car
Eugene, OR – A 22-year-old Eugene woman was arrested for DUII early Saturday morning after an officer reported seeing her...
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Eugene5 days ago
Oregon gubernatorial candidate Drazan accuses Gov. Kotek of making homelessness “chronic and permanent” as governor says crisis “wasn’t created overnight and won’t be solved overnight”
-
Eugene5 days ago
Oregon Sen. Merkley says getting anything done in the Senate is like “wading through tar” as he joins Montana Republican Sen. Daines in proposing sweeping rules overhaul
-
Eugene5 days ago
Large fire involving palletized wood shavings breaks out at Coastal Farm & Ranch in Eugene, prompting early morning response from ESF
-
Eugene5 days ago
Eugene woman arrested for DUII after allegedly speeding, swerving and refusing to exit vehicle, police say her blood alcohol level was .25%
-
Eugene5 days ago
ESF crews work overnight to contain mill fire on Milliron Road as scene expected to remain active for days
-
Eugene5 days ago
Oregon Sen. Wyden takes aim at President Trump over diesel deal, says “he’s rewarding Putin with a windfall agreement that won’t even lower prices”