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Oregon Unanimously Adopts Commonsense Insurance Modernization Bills

Contact: Benjamin Tomchik
(202) 828-7129

WASHINGTON, D.C., June 28, 2017  Yesterday, Oregon Governor Kate Brown signed into law two insurance modernization bills that were unanimously passed by Oregon’s legislature. The American Insurance Association’s Katie Pettibone, western region vice president, issued the following statement in response to the news:  

“With political turmoil in many parts of the country, the state of Oregon continues to serve as a leader when it comes to regulatory modernization. We commend policymakers in Oregon for unanimously advancing these two bills which will allow insurers to better serve their customers. These new laws send a strong signal to insurers that Oregon is a great place to do business.”

 Background:

SB 985 modernizes the state’s regulatory system, accelerating an insurer’s ability to get certain business insurance products to its customers more quickly. 

SB 986 allows insurers in Oregon to implement privacy notice changes passed under federal law.

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry.  Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise.  Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers.

Our membership is comprised of more than 320 companies, collectively writing more than $125 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

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