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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. 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...
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
Eugene, OR – Eugene police arrested a 39-year-old woman after she was found sitting in the roadway and allegedly attempted...
34-year-old man charged with assault after two people struck in head with sharpened sticks on Highway 99N
Eugene, OR – Eugene police arrested a 34-year-old man after two people were struck in the head with large sticks...
Oregon Gov. Kotek speaks out after federal judge extended legal block against Postal Service, says President Trump ‘has to follow the law, just like everybody else’
Oregon – “President Trump and the U.S. Postal Service have to follow the law—just like everybody else. This fight is...
Oregon Sen. Merkley takes aim at President Trump after announcement of massive 250-foot arch, accuses him of spending Americans’ tax dollars on a monument to his ego
Oregon – Sen. Jeff Merkley criticized President Donald Trump after the administration announced plans to begin excavation work for a...
Oregon Sen. Wyden says ‘Trump’s obsession with deporting law-abiding students doesn’t make any of us safer’ following death of immigrant in what his family believes was a suicide
Oregon – Ron Wyden is calling for permanent legal protections for immigrants after the death of a 20-year-old Haitian college...
Eugene police rescue 15-year-old after woman allegedly takes teen, leads officers on high-speed chase across Oregon before being arrested in The Dalles
Eugene, OR – Eugene police rescued a 15-year-old teenager after a woman was arrested following a high-speed pursuit that stretched...
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Eugene2 days 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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Eugene2 days 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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Oregon2 days 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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Eugene2 days 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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Eugene2 days 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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Eugene2 days ago
Structure fire breaks out in Eugene multi-unit residence as crews find flames in first-floor kitchen
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Eugene2 days ago
34-year-old man charged with assault after two people struck in head with sharpened sticks on Highway 99N