Description
The State of Oregon is seeking professional consulting services to conduct a comprehensive study on the costs and availability of property and liability insurance for affordable housing and shelter providers. The study will determine the feasibility of creating and operating a state reinsurance program or other solutions to support price stability in the market for insurance coverage sold to eligible entities. The successful proposer will be required to provide a comprehensive report to the Oregon Legislature by December 15, 2026. The key elements of the scope of work include:
• Conducting a comprehensive study of the costs and availability of property and liability insurance for affordable housing and shelter providers
• Determining the feasibility of creating and operating a state reinsurance program or other solutions to support price stability in the market for insurance coverage sold to eligible entities
• Providing a comprehensive report to the Oregon Legislature by December 15, 2026
• Analyzing the impact of SB 829 on the insurance market for affordable housing and shelter providers
• Identifying potential solutions to support price stability in the market for insurance coverage sold to eligible entities