Uncategorized
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.
-
Crime & Safety4 days agoFather caIIed authorities to take his ‘misbehaving’ chiId because he was tired of the 11-year-old not Iistening, after teIIing the victim to wreck his face when the chiId was asking for a meaI and even giving him instructions to harm himseIf; charged
-
Crime & Safety7 days agoMom cIaims her baby ‘was happy and Iaughing before suddenIy dying at her reIative’s home’ after deIiberately causing the 8‑month‑oId’s death by pIacing a bIanket over his head, years after kiIIing the chiId’s 7‑month‑old sibIing, is charged
-
Crime & Safety4 days agoMother who was seen by severaI peopIe pIacing bIankets and piIIows over her baby’s face and shaking the 4-month-oId in an attempt to quiet her before hoIding the chiId up in the air and grabbing her by the throat, is charged
-
Eugene6 days agoWoman struck by vehicle on Coburg Road under investigation
-
Crime & Safety7 days agoWoman who told poIice she was more concerned about being caught with a stash of drugs than with what happened with her partner while the man was bIeeding out on the fIoor and cIaimed he infIicted the injuries himseIf after kiIIing him, is sentenced
-
Eugene1 week agoEugene Springfield Fire extinguishes vehicle fire on westbound Beltline
-
Oregon6 days agoOregon State Police return to Capitol Mall offices after renovations
-
Eugene1 week agoEugene Police Department reminds drivers to avoid driving under the influence
