Oregon Insurance Division reveals final decision on rate proposals for 2016 The Oregon Insurance Division has revealed its final decision concerning rate proposals coming from the state’s health insurance companies. Many of the state’s insurance providers have sought to raise premiums on the coverage that they provide. State regulators have been investigating these proposals to determine whether or not they are necessary. The Insurance Division has announced that, in most cases, insurance rates will go up on individual policies in 2016. Regulators approve the majority of rate increase proposals While…
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Oregon Insurance Division urges consumers to be cautious during the winter
Winter storms take their toll on Oregon Winter storms have been causing problems for homeowners and drivers recently. The U.S. has fallen victim to what is being called a “polar vortex.” This natural phenomenon has lead to freezing temperatures throughout the U.S. and significant snowfall in many parts of the country. States that do not typically see heavy snowfall, such as Georgia, have suffered from the impact of the polar vortex has snowfall causes damage to properties and creates dangerous driving conditions. In Oregon, state officials are issuing warnings when…
Read MoreOregon senators give community car sharing programs a much needed boost
Oregon senators have given their approval to a bill that eliminates a number of the obstacles faced by emerging community car sharing programs, in an effort that would appear to be designed to increase participation in this environmentally friendly activity. The House Bill 3149 was approved in a 25-3 vote. This bill was designed to set the personal vehicle sharing program standards. It has added the necessity for these programs to provide motor vehicle liability insurance, and should injury or loss occur during a time when the vehicle is being…
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