Budget Shortfall Forces Oregon Insurance Division to Close Some Days

June 16, 2010

The current recession has reduced Oregon revenues, and has forced the Legislature to make deep cuts. Coping with these cuts includes closing the Department of Consumer and Business Services and most other state agencies on 10 Fridays that fall throughout the current two-year budget period. The Insurance Division staff is included in the furloughs.

Online services that are normally available 24 hours a day, seven days a week will be available on the closure day.

Closure days include:

  • August 20, 2010
  • September 17, 2010
  • November 26, 2010
  • March 18, 2011
  • May 20, 2011.

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Latest Comments

  • June 17, 2010 at 6:39 am
    California Actuary says:
    Hi Ralph: I was just comparing their organization to California. A lot more efficient with better attitudes. Oregon probably has nearly as many insurance market as CA, but the... read more
  • June 17, 2010 at 7:31 am
    Ralph says:
    Agree it's too bad, but symptomatic of a deeper problem. Why isn't anyone asking the magic question "why is there a deficit of this magnitude?" Oregon isn't unique in this p... read more
  • June 16, 2010 at 3:28 am
    California Actuary says:
    This department is one of the most efficient and helpful insurance regulators in the country. I do feel bad for them.

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