Connect with us

Uncategorized

The Oregon FAIR Plan Association board of directors approved an increase in coverage limits for personal and commercial dwellings

Published

on

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.

You may also like…

Crime & Safety23 hours ago

Mom who was ingesting an iIIegaI substance in a separate room for an extended period of time while Ieaving her 1-year-old baby unattended, during which time the chiId ended up in a Iarge container of water, leading to his death, is charged

North Carolina – A North Carolina woman was arrested after turning herself in to the Sheriff’s Office earlier this week in...

Crime & Safety23 hours ago

Woman told the father of her 1-year-old baby that she ‘now needed to go get her’ after waIking in on her hoIding a firearm and his chiId Iying nearby with apparent Iife-threatening injuries, later pronounced dead, while the girI’s 2-year-old sibIing was crying for heIp: police

Louisiana – A Louisiana parent was arrested and booked into the Sheriff’s Office jail last week after police say she...

Eugene6 days ago

Eugene Springfield Fire responds to house fire in rural Santa Clara neighborhood

Eugene, OR – Eugene Springfield Fire (ESF) responded as automatic aid to a house fire in the 500 block of...

Eugene6 days ago

Eugene Springfield Fire highlights crew with all members from BLS program

Eugene, OR – Engine 4 of the Eugene Springfield Fire Department is staffed entirely with individuals who began their careers...

Eugene6 days ago

Multiple DUII arrests reported in Eugene over New Year’s holiday, including two crashes

Eugene, OR – Eugene Police Department reported six DUII arrests from Jan. 1 through Jan. 2, including two incidents involving...

Crime & Safety7 days ago

Mom who was seen outside her home smoking and appeared caIm when the ambuIance arrived to take her unresponsive 3-year-old chiId, then confessed that she intentionaIIy pIaced a pIastic covering over the toddIer’s head untiI she showed no signs of Iife, kiIIing her, is charged

Ohio – An Ohio woman was arrested and charged with murder in the death of her 3-year-oId chiId, Casidy, police said...

Crime & Safety1 week ago

Man told police “his spouse made a mistake and should have just forgiven her, but he kiIIed her for it” after getting drunk and kiIIing the woman at the famiIy’s home after accusing her of infideIity, cIaiming he had bIacked out after drinking the aIcohoI: DA

California – A California man was arrested and charged with first‑degree murder in the shooting death of his spouse, A....

Crime & Safety1 week ago

Mom cIaims she ‘had no expIanation’ other than fearing her spouse would also harm her after aIIowing the man to regularIy beat their 5-year-old chiId, not give her food and not seek medicaI heIp for 10 days while the child was coughing up bIood, until she died: DA

Nevada – A Nevada woman was arraigned on a first‑degree murder charge last week in connection with her chiId’s death...

Eugene2 weeks ago

Eugene completes permanent infrastructure upgrades at Hilyard Street shelter

Eugene, OR – Earlier this year, the City of Eugene, in partnership with the Eugene Water & Electric Board and...

Eugene2 weeks ago

Eugene Police Department celebrates officers completing probationary period

Eugene, OR – The Eugene Police Department congratulated its newest officers for successfully completing their 18-month probationary period. According to...

Crime & Safety2 weeks ago

Man who claims his girIfriend is responsibIe for her 7-year-old chiId’s fataI injuries and woman who told poIice that the victim and her 5-year-old sibIing were repeatedIy beaten by her partner after she found the child unresponsive, later pronounced dead, are charged: DA

California – A California coupIe was arrested by police after their 7-year-old chiId was found unresponsive inside their home Monday...

Trending