Regulatory Alerts2021-01-01 | Bulletin 2021-5Oregon Division of Financial Regulation Bulletin 2021-5: Expediting Claims Handling for Wildfire Victims
The Oregon Division of Financial Regulation issued Bulletin 2021-5 to mandate compliance with House Bill 3272 and provide guidance for property and casualty insurers handling wildfire claims. The directive requires insurers to extend additional living expenses and repair timelines up to 24 or 36 months, prohibit denying claims based on rebuilding location, and offer estimated rebuild costs at renewal. Additionally, the Division urges carriers to advance ALE payments, expedite auto and business interruption claims, and accept flexible inventory forms to support affected policyholders.
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