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KBRA Downgrades Financial Strength Ratings of Oregon Mutual Insurance

Nov 21 2024 // KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-.The outlooks for both ratings remain...

Family of Security Guard Shot and Killed at Oregon Hospital Sues Facility for $35M

Nov 14 2024 // The family of a security guard who was shot and killed at a hospital in Portland, Oregon, sued the facility for $35 million on Tuesday, accusing it of negligence and failing to respond to the dangers that the gunman posed...

Oregon County Adds Utility to $51B Climate Suit Against Fossil Fuel Companies

Oct 16 2024 // Oregon’s Multnomah County, home to Portland, has added the state’s largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region’s deadly...

Oregon Workers’ Comp Pure Premium Rate to Drop 3.2%

Sep 13 2024 // Oregon employers will pay on average less for workers’ compensation coverage in 2025.The Oregon Department of Consumer and Business Services the decline in workers’ comp rate, which marks 12 years of average...

AM Best Places Credit Ratings of Oregon Mutual Group Members Under Review

Sep 11 2024 // AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Oregon Mutual Insurance Co. and Western...

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