Searching for Solutions: Property Insurance and Housing Affordability
When
Where
Hybrid - In-Person and OnlineThis event has passed.
In recent years, the risk to housing from natural disasters and other factors has led to significant increased property insurance costs. In some high-risk areas, homeowners have few insurance options. For millions already struggling to pay their mortgages, higher monthly insurance costs add a significant burden, and rate increases often come as an unexpected shock.
Rising insurance costs also threaten new apartment construction, making projects financially unviable and further constricting the already limited housing supply. The challenges are especially severe for affordable housing developers and providers, who often cannot pass increased costs on to tenants through higher rents.
States regulate insurance, but interest is growing in how Congress and the administration can help ease the impact of rising rates. This event featured experts discussing the factors driving property insurance challenges, their impact on housing supply and affordability, and potential solutions.
Speakers included:
Opening remarks:
Dennis Shea | Executive Director, J. Ronald Terwilliger Center for Housing Policy, BPC
Panel discussion:
Julie Shiyou-Woodard | President and CEO, Smart Home America
David Snyder | Vice President, International Policy, American Property Casualty Insurance Association
Caitlin Sugrue Walter | Senior Vice President, Research, National Multifamily Housing Council
Scott A. White | Virginia Commissioner of Insurance
Andy Winkler | Director, Housing and Infrastructure Project, BPC (moderator)
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