Oregon Issues Wildfire Emergency Order and Bulletin for Insurers

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 Carriers Natural Disasters Wildfire