Readout: U.S. Department of the Treasury Hosts Roundtable on Opportunities to Lower Costs and Maintain Availability of Homeowners Insurance

WASHINGTON – Today, the Federal Insurance Office (FIO) at the U.S. Department of the Treasury hosted a roundtable discussion with representatives from the insurance sector, including insurers, reinsurers, brokers, state regulators, resilience and consumer groups, and academics to discuss ways to lower costs and maintain availability of homeowners insurance as part of the Trump Administration’s efforts to address the cost-of-living crisis.Deputy Secretary Michael Faulkender delivered opening remarks emphasizing the importance of the U.S. homeowners insurance market and the need for collaboration among stakeholders. Senior Treasury Department officials led discussions on cost and availability issues within the homeowners insurance market as well as current efforts by the insurance sector, state and local governments, and regulators to address these issues.Today’s roundtable supports Treasury’s efforts to implement President Trump’s Executive Order on Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis.