Savage v. Grange Mutual Insurance

Defendant insurer, Grange Mutual Insurance Company, appeals a judgment requiring it to pay up to $1 million in underinsured motorist (UIM) coverage under an umbrella liability policy. The sole issue on appeal is whether ORS 742.468, 1 which became effective after defendant issued the umbrella policy but before the underlying accident, precludes recovery of UIM benefits. We conclude that it does not, and affirm.

The material facts underlying this declaratory judgment action are substantially undisputed: On July 1, 1993, defendant issued two insurance policies — one primary automobile policy and…