Savage Appointed Oregon Insurance Commissioner
Lou Savage, Oregon’s interim insurance commissioner for the past seven months, has been appointed to the position permanently. He replaces Teresa Miller, who left in November 2011 to accept a position with the federal government.
As an attorney, he has represented both consumers and businesses on insurance-related issues in the nonprofit and private sectors.
The Insurance Division, with approximately 100 employees and a $10.5 million annual budget, licenses insurance companies and agents, reviews policies for consumer protections, investigates potential violations of insurance law, and approves rates on health insurance policies held by about 12 percent of all Oregonians. It is part of DCBS, Oregon’s largest business regulatory and consumer protection agency.
- New Vehicle Registrations in California Rose, While Tesla Registrations Dropped Again
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
- Insurer Chubb Prepares to Pay $350M in Baltimore Bridge Collapse
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Apollo Accused in Lawsuit of Illegal Human Life Wagering Scheme
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs