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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 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...
54-year-old man rescued after falling in remote rocky area, Coast Guard helicopter forced to abort evacuation due to lightning
Eugene, OR – A 54-year-old man was rescued after falling in a remote rocky area of Oregon’s Upper McKenzie region,...
80-year-old woman taken into custody after allegedly holding a gun under her family member’s chin before striking him twice with the barrel
Oregon – At 4:11 p.m. on Sept. 6, EPD officers responded to a home on Ivy Glen Drive after an...
Eugene Springfield Fire responds to South Eugene house fire after smoke reported from roof
Eugene, OR – At 12:38 p.m., Eugene Springfield Fire was dispatched to a South Eugene residence on 24th Place after...
31-year-old woman arrested for DUII after falling asleep behind wheel, police find fentanyl and methamphetamine in vehicle
Eugene, OR – Eugene police arrested a woman after she was reportedly found asleep behind the wheel of a running...
Man arrested after causing disturbance and trying to bypass TSA checkpoint at Eugene Airport
Eugene, OR – Eugene police arrested an Iowa man after he caused a disturbance at Eugene Airport and allegedly attempted...
Parents arrested after leaving two 16-year-old teens on side of I-105 following verbal dispute involving girl’s boyfriend
Eugene, OR – Eugene police arrested two parents after they allegedly left two 16-year-old teenagers on the side of I-105...
Oregon Sen. Jeff Merkley fires back at President Trump’s mail-in voting push as whistleblower warns new USPS system could reject entire batches of ballots
Oregon – Sen. Jeff Merkley announced he would fight to protect vote by mail after a whistleblower raised concerns about...
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Oregon1 week agoGov. Kotek says Oregon’s statewide cell phone ban is making an impact as early results show students becoming more focused and engaging more in the classroom
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Eugene1 week agoESF crews respond to heavily involved house fire in Springfield, contain flames to property of origin
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Eugene6 days ago
Parents arrested after leaving two 16-year-old teens on side of I-105 following verbal dispute involving girl’s boyfriend
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Oregon1 week ago
Oregon Sen. Jeff Merkley fires back at President Trump’s mail-in voting push as whistleblower warns new USPS system could reject entire batches of ballots
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Oregon3 days ago
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’
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Eugene3 days ago
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
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Eugene3 days ago
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
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Eugene6 days ago
Eugene Springfield Fire responds to South Eugene house fire after smoke reported from roof