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Oregon Employers Trust Keeps Certification

OPB | Aug. 5, 2013 2:33 p.m. | Portland

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Oregon officials got word Monday that the company handling workers compensation for more than 200 companies has avoided being decertified.

The state Department of Consumer and Business Services had given the Oregon Employers Trust until Wednesday to come up with $750,000 to shore up its financial footing.  

The Trust provided state regulators a letter of credit Monday to cover the shortfall. 

Had the Trust not found the money, it would have been de-certified. That would have forced businesses to find workers comp insurance on their own, or face penalties.

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