Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate committee hears bill to modernize Oregon Insurance Guarantee Association, raise claim cap to $600,000
Summary
Witnesses told the Senate Committee on Labor and Business that House Bill 2130 would update the Oregon Insurance Guarantee Association law to clarify coverage for cyber claims and raise the property/liability cap from $300,000 to $600,000 for insolvencies on or after Jan. 1, 2025.
Chair Taylor opened the public hearing on House Bill 2130 on April 10, 2025. Whitney (staff) explained the measure, saying it was brought by the House Interim Committee on Commerce and Consumer Protection for the Oregon Insurance Guarantee Association and that it carried no revenue impact and only a minimal fiscal impact.
Kathy Bronton Bazant, administrator of the Oregon Insurance Guarantee Association, described the association as a consumer-protection entity created in 1971 that pays covered property and casualty claims when a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
