Antonija Krizanac | David Wright Tremaine On March 7, 2024, the Oregon legislature enacted a significant change to the state’s law on retainage requirements for public and private construction projects. The new law introduces options for contractors to receive full payment of progress payments without retainage and without interest-bearing escrow accounts. Specifically, HB 4006-A (effective… Continue reading Escrow No More: A New Era for Oregon’s Construction Retainage Law in 2024
Tag: Oregon
PacifiCorp to Pay $250 Million in Timber Company Settlement for 2020 Wildfire
Ryan Haas | OPB For the second time this month, the utility provider PacifiCorp will pay out hundreds of millions of dollars to end a lawsuit over its alleged role in the devastating Oregon wildfires in 2020. In a filing to the U.S. Securities and Exchange Commission on Monday, PacifiCorp announced it has reached a… Continue reading PacifiCorp to Pay $250 Million in Timber Company Settlement for 2020 Wildfire
Jury Finds PacifiCorp Owes More than $73 Million for Causing 2020 Oregon Wildfires
Ryan Hass and Cassandra Profita | OPB Oregon’s second-largest electrical utility, PacifiCorp, played a significant role in the Labor Day wildfires that ravaged parts of the state in 2020, according to a Multnomah County jury. Jurors returned a nearly unanimous verdict Monday that found the utility caused a substantial amount of damage related to fires… Continue reading Jury Finds PacifiCorp Owes More than $73 Million for Causing 2020 Oregon Wildfires
Oregon Landmark Decision Opens Door to Bad Faith Litigation
Tessan Wess | Gordon Rees Scully Mansukhani For the first time in Oregon, claimants have a legal basis to pursue first-party bad faith claims against insurers. In late December 2023, the Oregon Supreme Court affirmed a 2022 opinion from the Oregon Court of Appeals in Moody v Oregon Community Credit Union and opened the door to bad… Continue reading Oregon Landmark Decision Opens Door to Bad Faith Litigation
Insurer’s Broad Duty to Defend in Oregon, and the Recent Ruling in State of Oregon v. Pacific Indemnity Company
Keith Sparks Ahlers Cressman & Sleight Oregon law mandates a broad duty to defend, requiring insurers to provide legal representation to their policyholders whenever there is a potential for coverage under the policy. The significance of this broad interpretation means that an insurer has a duty to defend an insured even in situations where the… Continue reading Insurer’s Broad Duty to Defend in Oregon, and the Recent Ruling in State of Oregon v. Pacific Indemnity Company