Rising costs are making it harder for Oregonians to pay their monthly bills. That’s why it’s so important that Oregon lawmakers work to bring down the rising marketplace bali of living and avoid regulations that could increase the cost to Oregon residents.
As an independent insurance broker, I provide legal support to my clients in damage scenarios. In my 23 years I have never seen a claim escalate to the point where legal action was required because the insurer did not settle the claim fairly.
This will change dramatically when lawmakers pass House Bills 3242 and 3243, moving from a tried and tested model of grievance resolution to one that encourages excessive dispute resolution.It would hurt Oregon’s people and small businesses, many of whom are struggling to stay competitive.
Household accounts 3242 and 3243 allow for further claims settlement litigation to be conducted and allow the uninsured to submit a claim settlement claim. By encouraging more expensive lawsuits, insurers end up paying more to settle claims, even if they win in court. And these costs are passed on in the form of higher premiums.
One look at our neighboring states is the evidence we need that these bills would harm Oregonians.In the decade that California allowed these lawsuits, the number of complaints and the cost of handling them have skyrocketed. And Washington has seen similar gains since it approved those lawsuits.
Legislators should reject these bills as they did in 2013, 2015, 2017, 2019 and 2021. Oregonians cannot afford such flawed policies.