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In 2011, Oregon Senate Bill 242 (SB 242) was signed into law establishing the Oregon University System (OUS) as a public university system, a change from its former status as a state agency.  As a public university system, the OUS remains an instrument of the state but now operates with increased autonomy. SB 242 includes an exemption from Oregon Revised Statutes (“ORS”) chapter 278, which grants the State of Oregon’s Department of Administrative Services (DAS) the sole authority to direct and govern risk management and insurance-related programs for all state agencies. This exemption was effective July 1, 2012.

OUS secured new insurance; details regarding that coverage will be provided in the near future.

Risk management is the process of protecting the university's assets through identifying and analyzing exposures, controlling those exposures, mitigating risks, financing losses, and implementing and monitoring the risk management process.

The mission of the Office of Risk Management is to optimize risk identification, mitigation, and control in all university activities. To achieve this mission, all members of the university community have a responsibility to make risk decisions that are informed and that align with the university’s risk tolerance and overarching mission.