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.

Although states regulate insurance, interest is growing in how Congress and the administration can help ease the impact of rising rates. Join us for a discussion with experts on what’s driving property insurance challenges, their impact on housing supply and affordability, and potential solutions.

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)