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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. Merkley responds after President Trump approves Saudi nuclear deal, says “this reckless move could fuel a nuclear arms race that puts all of us at risk”
Oregon – Trump is gifting Saudi Arabia the capability to pursue a nuclear weapon,” Oregon Sen. Jeff Merkley said as...
Oregon Sen. Wyden says President Trump has “abused his power” unlike any other president, claims his bill will put Congress back in control of international trade
Eugene, OR – “Trump has abused his power on tariffs and trade unlike any other president,” Oregon Sen. Ron Wyden said as...
“President Trump is doing what he does best,” Oregon Gov. Kotek responds after President Trump imposed tariffs she says hurt Oregon families and businesses
Oregon – “President Trump is doing what he does best: driving up costs for families and hurting Oregon businesses that...
Oregon State Police and FBI investigate after individuals identifying themselves as “ICE” allegedly forced victim from vehicle before detaining and assaulting them
Eugene, OR – The Oregon State Police and the Federal Bureau of Investigation are investigating a report of individuals impersonating...
University Park reopens in Eugene with improved facilities, playground and accessibility upgrades
Eugene, OR – The City of Eugene announced that the renovation of University Park has been completed, with the 2.81-acre...
Eugene Springfield Fire crews return from wildfire deployment in Oregon
Eugene, OR – Several members of Eugene Springfield Fire have returned home after assisting with wildfire response efforts in Oregon....
Eugene Police seek public help locating stolen truck involved in hit-and-run crash with bicyclist
Eugene, OR – The Eugene Police Department is asking for the public’s assistance in locating a stolen pickup truck investigators...
25-year-old woman arrested after flooding apartment and damaging neighbor’s property in Eugene
Eugene, OR – A 25-year-old woman was arrested after Eugene Police said she flooded her apartment, broke a neighbor’s window,...
“Trump can’t accept that he lost his case, so now he’s asking the Supreme Court for a re-do until he wins,” Oregon Sen. Merkley responds after Trump seeks rehearing in birthright citizenship case
Oregon – Oregon Sen. Jeff Merkley criticized President Donald Trump after Trump announced he would ask the U.S. Supreme Court...
Oregon Sen. Wyden joins Senate Democrats demanding answers over whether Trump family-linked companies could benefit from DOJ settlement
Oregon – Oregon Sen. Ron Wyden is joining fellow Democratic senators in raising questions about whether companies connected to President...
Eugene Springfield Fire rescues person trapped in Willamette River low head dam near I-5 bridge
Eugene, OR – Eugene Springfield Fire crews responded to a water rescue on the Willamette River in Springfield’s Glenwood neighborhood...
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Eugene3 days ago
Eugene Springfield Fire crews return from wildfire deployment in Oregon
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Oregon3 days ago
“President Trump is doing what he does best,” Oregon Gov. Kotek responds after President Trump imposed tariffs she says hurt Oregon families and businesses
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Oregon3 days ago
Oregon Sen. Merkley responds after President Trump approves Saudi nuclear deal, says “this reckless move could fuel a nuclear arms race that puts all of us at risk”
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Oregon3 days ago
Oregon State Police and FBI investigate after individuals identifying themselves as “ICE” allegedly forced victim from vehicle before detaining and assaulting them
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Oregon3 days ago
Oregon Sen. Wyden says President Trump has “abused his power” unlike any other president, claims his bill will put Congress back in control of international trade
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Eugene3 days ago
Eugene Police seek public help locating stolen truck involved in hit-and-run crash with bicyclist
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Eugene3 days ago
25-year-old woman arrested after flooding apartment and damaging neighbor’s property in Eugene
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Eugene3 days ago
University Park reopens in Eugene with improved facilities, playground and accessibility upgrades