Oregon

Oregon has enacted House Bill 2563, which, among other provisions, states that an insurer that renews an existing homeowners or personal insurance policy with an insured must give a clear and reasonable written explanation for any increase in premium at the insured's written request. The explanation of a premium increase must include all, but not more than four, of the factors that most significantly contributed to the increase.

On May 10, 2024, the Oregon Division of Financial Regulation (DFR) released Bulletin No. DFR 2024-7, reminding all property and casualty insurers of their legal obligation to file underwriting guidelines with the division.