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State Accident Insurance Fund
The State Accident Insurance Fund Corporation (SAIF) is a not-for-profit, state-chartered workers’ compensation insurance company in the U.S. state of Oregon. It provides workers' compensation insurance and workplace safety services for Oregon employers, and claim management for injured workers. It is based in Salem, Oregon. History SAIF was created in 1914 by the Oregon Legislative Assembly as a state agency, and in 1980 became America's first public corporation specializing in workers' compensation insurance. A board of directors, appointed by the governor, oversees the company's operations. Chip Terhune was selected as president and chief executive officer of SAIF in 2021. SAIF does not pay state income tax, which gives it the ability to price its policies competitively. Private competitor Liberty Northwest, a subsidiary of Liberty Mutual, has been openly critical of the laws regulating SAIF for some time. In 2004, voters rejected a ballot measure that would have abolished ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oregon
Oregon () is a U.S. state, state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington (state), Washington, while the Snake River delineates much of its eastern boundary with Idaho. The 42nd parallel north, 42° north parallel delineates the southern boundary with California and Nevada. Oregon has been home to many Indigenous peoples of the Americas, indigenous nations for thousands of years. The first European traders, explorers, and settlers began exploring what is now Oregon's Pacific coast in the early-mid 16th century. As early as 1564, the Spanish expeditions to the Pacific Northwest, Spanish began sending vessels northeast from the Philippines, riding the Kuroshio Current in a sweeping circular route across the northern part of the Pacific. In 1592, Juan de Fuca undertook detailed mapping and studies of ocean currents in the Pacific Northwest, including the Oregon coast as well as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workers' Compensation
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain.” One of the problems that the compensation bargain solved is the problem of employers becoming insolvent as a result of high damage awards. The system of collective liability was created to prevent that and thus to ensure security of compensation to the workers. While plans differ among jurisdictions, provision can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salem, Oregon
Salem ( ) is the capital of the U.S. state of Oregon, and the county seat of Marion County, Oregon, Marion County. It is located in the center of the Willamette Valley alongside the Willamette River, which runs north through the city. The river forms the boundary between Marion and Polk County, Oregon, Polk counties, and the city neighborhood of West Salem, Salem, Oregon, West Salem is in Polk County. Salem was founded in 1842, became the capital of the Oregon Territory in 1851, and was incorporated in 1857. Salem had a population of 174,365 in 2019, making it the third-largest city in the state after Portland, Oregon, Portland and Eugene, Oregon, Eugene. Salem is the principal city of the Salem Metropolitan Statistical Area, a United States metropolitan area, metropolitan area that covers Marion and Polk counties and had a combined population of 390,738 at the 2010 census. A 2019 estimate placed the metropolitan population at 400,408, the state's second largest. This area is, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oregon Legislative Assembly
The Oregon Legislative Assembly is the state legislature for the U.S. state of Oregon. The Legislative Assembly is bicameral, consisting of an upper and lower house: the Senate, whose 30 members are elected to serve four-year terms; and the House of Representatives, with 60 members elected to two-year terms. There are no term limits for either house in the Legislative Assembly. Each Senate district is composed of exactly two House districts: Senate District 1 contains House Districts 1 and 2, SD 2 contains HD 3 and HD 4, and so on. (Maps of Senate districts can be found in the Oregon State Senate article.) Senate districts contain about 127,700 people, and are redrawn every ten years. The legislature is termed as a "citizens' assembly" (meaning that most legislators have other jobs.) Since 1885, its regular sessions of up to 160 days occurred in odd-numbered years, beginning on the second Monday in January. Effective 2012, the legislature moved into an annual session, with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdicti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberty Mutual
Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States. It ranks 71st on the Fortune 100 list of largest corporations in the United States based on 2020 revenue. Based in Boston, Massachusetts, and featuring the Statue of Liberty (formally ''Liberty Enlightening the World'') on its logo, it employs over 45,000 people in more than 900 locations throughout the world. As of December 31, 2021, Liberty Mutual Insurance had $156.043 billion in consolidated assets, $128.195 billion in consolidated liabilities and $48.2 billion in annual consolidated revenue. The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers' compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire insurance and surety. Liberty Mutual Group owns, wholly or in part, local insurance comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oregon Ballot Measure 38 (2004)
{{no footnotes, date=August 2014 Ballot Measure 38 of 2004 would have abolished Oregon's State Accident Insurance Fund (commonly known as SAIF Corporation), a nonprofit state-chartered workers' compensation provider. SAIF's assets would have been sold and the revenues from the sale would have been used to fund schools and other state services. Voters defeated the measure in the 2 November 2004 general election, with 670,935 votes in favor, and 1,037,722 votes againsIt was placed on the ballot by initiative petition by the political group Oregonians for Accountability. Supporters of the measure pointed to a series of scandals at the government agency. They portrayed the agency as out-of-control and lacking proper oversight, and especially decried the agency's hiring of lobbyists to advocate on the agency's behalf. Measure 38 supporters capitalized on the fact that former governor Neil Goldschmidt, who admitted in 2004 to a sexual relationship with a 14-year-old girl in the 1970 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of Oregon
The governor of Oregon is the head of government of Oregon and serves as the commander-in-chief of the state's military forces. The title of governor was also applied to the office of Oregon's chief executive during the provisional and U.S. territorial governments. The current 38th governor of Oregon is Kate Brown, who took office following the resignation of Governor John Kitzhaber amid an ethics scandal. The governor's current salary was set by the 2001 Oregon Legislature at $93,600 annually. Constitutional descriptions Article V of the Oregon State Constitution sets up the legal framework of the Oregon Executive Branch. Eligibility Article V, Section 1 states that the governor must be a U.S. citizen, at least 30 years of age, and a resident of Oregon for at least three years before the candidate's election. Section 2 extends ineligibility as follows: Section 1 further sets the maximum number of consecutive years a governor may serve, specifying that There is no spe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neil Goldschmidt
Neil Edward Goldschmidt (born June 16, 1940) is an American businessman and Democratic politician from the state of Oregon who held local, state and federal offices over three decades. After serving as the United States Secretary of Transportation under President Jimmy Carter and governor of Oregon, Goldschmidt was at one time considered the most powerful and influential figure in Oregon's politics. His career and legacy were severely damaged by revelations that he had raped a young teenage girl in 1973, during his first term as mayor of Portland. Goldschmidt was elected to the Portland City Council in 1970 and then as mayor of Portland in 1972, becoming the youngest mayor of any major American city. He promoted the revitalization of Downtown Portland and was influential on Portland-area transportation policy, particularly with the scrapping of the controversial Mount Hood Freeway and the establishment of the MAX Light Rail system. He was appointed U.S. Secretary of Transportat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ted Kulongoski
Theodore Ralph Kulongoski ( ; born November 5, 1940) is an American politician, judge, and lawyer who served as the 36th Governor of Oregon from 2003 to 2011. A member of the Democratic Party, he served in both houses of the Oregon Legislative Assembly and also served as the state Insurance Commissioner. He was the Attorney General of Oregon from 1993 to 1997 and an associate justice of the Oregon Supreme Court from 1997 to 2001. Kulongoski has served in all three branches of the Oregon state government. Early life and education Kulongoski was born in St. Louis, Missouri, in 1940 to Theodore Kulongoski (1905-1941), the son of Polish immigrants, and his wife Helen, née Newcomer (1915-1997).Governor Ted Kulongoski About Governor Kulongoski He was one year old when his father died of cancer, and spent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Companies Of The United States
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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