The Oregon Department of Consumer and Business Services’ Division of Financial Regulation has issued a new wildfire emergency order.
The order took effect after the current emergency order expired on Oct. 18.
- The order means that insurance companies must take steps to do the following until the order expires:
- Extend all deadlines for policyholders to report claims or submit other communications related to claims
- Take all practicable steps to provide opportunities for policyholders to report claims
- Immediately institute a grace period for premium payments for all insurance policies issued, delivered, or covering a risk in the affected areas
- Suspend cancellations and nonrenewals
The division also issued a bulletin to provide an updated list of ZIP codes for which the order applies.
Topics Catastrophe Natural Disasters Carriers Wildfire Oregon
Was this article valuable?
Here are more articles you may enjoy.
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
