Insurance news shows “sharing economy” isn’t adequately covered

insurance news coverage

The typical policy is no longer protecting people in certain behaviors that have become commonplace. The latest insurance news from Oregon now includes a statement released by that state’s commissioner with regards to what he called a “sharing economy” and that the typical type of policy does not provide adequate coverage for using a vehicle as a part of a ride sharing service or for renting out a home. In Oregon, the insurance commissioner has previously remained quiet about coverage in these areas. Services such as Uber and Airbnb are…

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Fire insurance policy used by Oregon to cover wildfires

fire insurance home

The state has already managed to burn its way through the deductible and is being assisted by its coverage. Oregon has now started to reach into its fire insurance coverage in order to help pay for the rising cost of battling wildfires in the state, and this is the second year in a row that it has been required to do so. This year, the number of acres that have been burned down have exceeded the average of the last decade. In fact, the wildfires in Oregon have tripled the…

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Legal battle erupts over broken health insurance exchange

Oregon Health Insurance technology

Oregon has filed a fraud and breach-of-contract lawsuit against Oracle Late last week, Oregon filed a lawsuit against software company Oracle and several of its top executives. The state is accusing the company of fraud and breach-of-contract that may have cost Oregon a veritable fortune while leaving many of the state’s residence without access to a working health insurance exchange. Oracle was contracted by the state to develop the software that would manage the exchange, but internal problems have left the exchange inoperable and it has yet to see an…

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Insurance premiums to be reimbursed to Marcus Mariota

football players and disability insurance premiums

Three other Oregon players will also be receiving their reimbursements for similar reasons. Among the most recent trends that have been occurring in college football is that the schools direct some of the student assistance fund from the athletic department to pay for the insurance premiums for the coverage of players who look as though they will have a promising future in the NFL. Among the universities taking part in this practice, the Oregon Ducks have become the most recent to join. Four players from the state have been receiving…

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Oracle sues Oregon over failed health insurance exchange

Oregon Health Insurance technology

Oracle has issues a breach-of-contract lawsuit against the state of Oregon Acclaimed computer technology company Oracle has issued a lawsuit against Oregon. The lawsuit concerns the state’s health insurance exchange and the exchange’s use of the company’s technology. According to Oracle, the state government is using its technology despite standing disputes. These disputes have to do with some $23 million in unpaid bills from Oracle. The breach-of-contract lawsuit is seeking to recover the money that Oracle may be due but has not yet received. Lawsuit aims to recover more than…

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Insurance exchange in Oregon leads to breach of contract lawsuit

Oregon Health Insurance exchange

Oracle Corp. has now sued the state, alleging that the software it created is still being used regardless of disputed bills. The technology company behind the original insurance exchange in Oregon has now filed a breach of contract lawsuit against the state, saying that officials from that government are continuing to use Oracle Corp. software, even though there remain $23 million in disputed bills. The lawsuit was filed by Oracle at the very end of last week, in a Portland federal court. According to the filing, Oracle claims that state…

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Insurance news from Oregon brings 2015 health plan rates

Oregon Health Insurance exchange

These new figures show that there will be less of a gap between the most and least expensive policies. Recent insurance news out of Oregon has shown that residents in that state will be seeing a much slimmer range in the prices of health policies that will be sold on the exchange for individuals and small employers in 2015. This health insurance announcement was made by the regulators in the state. In essence, the primary message of this insurance news will be that the plans with the lowest premiums will…

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