Oregon Department of Consumer and Business Services News

Oregon Extends Emergency Orders for Most Common Lines of Insurance

The Oregon Department of Consumer and Business Services’ Division of Financial Regulation extended its emergency orders for property/casualty, long-term care and life and disability insurance. The department made a similar extension announcement in June. The orders mean that the most …

Oregon Extends Emergency Orders for Most Common Insurance Policies

The Oregon Department of Consumer and Business Services’ Division of Financial Regulation extended its emergency orders for property/casualty, long-term care, and life and disability insurance. The orders mean that the most common insurance policies, such as auto, home, term and …

Oregon’s New Insurance Emergency Orders Released for COVID-19

The Oregon Department of Consumer and Business Services has issued emergency orders related to COVID-19 for insurance companies providing property/casualty, long-term care, and life and disability insurance. The orders require insurance companies providing these policies to do the following: Provide …

Oregon Extends Emergency Order for Insurance Deadlines

The Oregon Department of Consumer and Business Services has extended its emergency order on insurance deadlines. The order requires all insurance companies to extend grace periods for premium payments, postpone policy cancellations and nonrenewals, and extend deadlines for reporting claims …

Oregon 2020 Workers’ Compensation Premium Assessment Rates Dropping

The Oregon Department of Consumer and Business Services announced an 8.4% average reduction in pure premium rates for employers in 2020. The department each year adopts by rule the workers’ comp premium assessment rate that is paid by all employers …

Oregon Study Shows California Workers’ Comp Rates Falling, but Still High

Workers’ compensation premium rates fell considerably nationwide, while California continued to see among the worst rates in the nation, according to a new study out from the Oregon Department of Consumer and Business Services. The department puts out its Oregon …

Oregon Workers’ Comp Costs to Drop Sixth-Straight Year

Oregon employers next year will pay an average of $1.12 per $100 of payroll for workers’ compensation insurance, down from $1.23 in 2018, under a proposal by the Oregon Department of Consumer and Business Services. This will mark the sixth …

Stolfi New Administrator of Financial Regulation in Oregon

The Oregon Department of Consumer and Business Services has named Andrew Stolfi administrator of the division of Financial Regulation. Stolfi’s first day at DCBS will be Feb. 1. He replaces Laura Cali, who is now the chief financial officer at …

Oregon Workers’ Comp Costs to Drop for 5th Consecutive Year

Oregon employers will see a key portion of their workers’ compensation costs drop by an average of 14 percent in 2018, according to the Department of Consumer and Business Services. This marks the fifth year in a row that businesses …

Report Shows California and New Jersey Have Highest Workers’ Comp Rates

California and New Jersey had the nation’s most expensive workers’ compensation rates, while North Dakota had the lowest rates in the nation, a new report shows. A report released this week by the Oregon Department of Consumer and Business Services …