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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Gold Hill Ethics Commission investigating city manager ... Anti-profiling policy required by state law already in place in Medford ... Snorkeler returns 1928 class ring found in lake near Bend ... Gold Hill Ethics Commission investigating city manager ... Anti-profiling policy required by state law already in place in Medford ... Snorkeler returns 1928 class ring found in lake near Bend ... FIRE SEASON Oregon decides to buy $25 million in wildfire insurance Comment By The Associated Press MailTribune.com By The Associated Press Posted Apr. 16, 2015 at 4:35 PM By The Associated Press Posted Apr. 16, 2015 at 4:35 PM » Social News GRANTS PASS — The state of Oregon has decided to continue buying insurance against the cost of fighting wildfires, even though it comes at a much higher premium and deductible. Tim Keith of the Oregon Department of Forestry says the state bought the $25 million policy from Lloyd's of London on Wednesday. Once firefighting costs go over $50 million, the policy will pay up to $25 million, with the state and private timberland owners splitting the premium of $3.75 million. Last year, state wildfire costs were slightly over $75 million. Keith says the policy — the only one of its kind in the country — gives Oregon important financial protection against wildfire costs. He says one worry is that if Oregon taps the policy again this year, it would be three years in a row, and might mean the insurer refuses to offer a policy in the future. By The Associated Press MailTribune.com By The Associated Press Posted Apr. 16, 2015 at 4:35 PM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2015 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501