Source: United States House of Representatives – Congresswoman Frederica S Wilson (24th District of Florida)
Today, June 5th, 2025, Congresswoman Frederica Wilson (FL-24) hosted a policy briefing on the Property Insurance Crisis in Florida and across the nation. Congresswoman Frederica Wilson brought policy experts to discuss the rising costs of property insurance, its coverage, and the challenges consumers face when dealing with property insurance.
“Everywhere I go in Florida, doesn’t matter what parts folks are from, people are concerned about our property insurance crisis. And with hurricane season just starting, causing a rush through the hearts of South Florida Families, the fear of the rising costs of homeowner’s insurance is real and tangible for folks,” Congresswoman Frederica Wilson said. “That’s why I introduced the Homeowners’ Defense Act and convened a policy briefing, because we need real solutions to this crisis. Property insurance has become too expensive, with limited options and many insurers refusing coverage. It’s time we tackle this issue head-on.”
According to Insurify, Florida’s projected cost of property insurance averages about $11,000 a year.
As part of the 119th Congress, Congresswoman Frederica Wilson introduced the Homeowners’ Defense Act. The Act seeks to bolster state efforts in managing natural disaster risks, support insurance market stability, and encourage mitigation and preventive measures to reduce future losses.
Joining Congresswoman Frederica Wilson in this briefing were Congressman Maxwell Frost (FL-10), Congressman Troy A. Carter, Sr. (LA-2), Congresswoman Nikema Williams (GA-5), and Congressman Jonathan Jackson (IL-1).
“Florida’s property insurance crisis is pushing families to make impossible choices. I’ve heard from Central Floridians that they are forgoing coverage altogether because they can’t afford both healthcare and property insurance. It’s a shame that the property insurance crisis has put folks in this position,” said Congressman Maxwell Frost (FL-10). “And it’s leading to a dangerous situation as climate change creates even more devastating hurricane seasons. We need urgent, collective action from policymakers and industry leaders before this makes worse the ongoing housing crisis.”
“The escalating cost of homeowners insurance is not just a coastal issue; it’s hitting families hard right here in Chicago and the First District. We’ve seen premiums jump by as much as 50% in Illinois in just a few short years. Many of my constituents, particularly those in historic neighborhoods with older homes, are facing a double whammy: skyrocketing rates and, in some cases, the inability to find coverage at all,” Congressman Jonathan Jackson said (IL-1). “We need to explore all avenues – from federal support for mitigation and reinsurance, like ideas in H.R. 827, to robust state oversight – to ensure that insurance remains accessible and affordable, and that homeowners are treated fairly.”
“I was proud to join my friend Congresswoman Frederica Wilson today to confront one of the most pressing challenges facing homeowners across the country – skyrocketing property insurance costs. This is hitting working families in every corner of America, especially Louisiana, and it’s squeezing them out of homeownership. The briefing made one thing clear: as natural disasters become more prevalent, property and casualty insurance rates will continue to rise and impact more communities. We have more storms in more places that have historically never had this before. There will continue to be a strain on communities as people will be dropped from insurance coverage after sustaining damages. This is unacceptable. Property insurance should be fair, accessible, and affordable for everyone,” said Congressman Troy A. Carter, Sr. (LA-02).
Congresswoman Nikema Williams said (GA-5), “Climate change’s impact on the insurance market is something I’ve experienced firsthand. After a hailstorm damaged my roof and those of my neighbors, I filed a claim—only to be labeled high-risk and dropped by my insurer. This is part of a growing trend of insurance companies pulling out of markets they consider too risky due to climate change. For families already struggling to get by, losing home insurance could mean losing the chance to build equity and generational wealth. If we leave this issue unaddressed—or worse, pretend it doesn’t exist—we put all homeowners at serious risk.”
The panel included Doug Heller from the Consumer Federation of America, Robert Gordon from the American Property Casualty Insurance Association, and Baird Webel and Diane Horn from the Congressional Research Service. Alice Hill, the David M. Rubenstein senior fellow for energy and the environment at the Council on Foreign Relation, moderated the event.
Vice Chairman of the Miami-Dade County Commission, Kionne McGhee, said “The crushing weight of mortgages, taxes, and insurance is already wiping out generational wealth. And with the high cost of property insurance, folks are struggling to even protect their families. Some insurance companies can raise rates and still stay within the law–decisions made behind closed doors with no regard for the people affected. For families with no savings, higher payments don’t mean just cutting back—it means choosing between skipping meals just to keep their homes. We need to address this property insurance crisis head-on for the sake of the families of Miami-Dade County and across the nation.”
Douglas Heller, Director of Insurance at the Consumer Federation of America said, “Over the past several years, Americans have experienced an unprecedented increase in the cost of homeowners insurance and an equally unprecedented decrease in its availability. This is not only causing acute financial pain for millions of families, it is making homeownership less sustainable and less attainable. In order to address this crisis, as climate change increases risk across the country, we need to invest in loss mitigation and resilience, and we also need to demand better oversight and more scrutiny of the insurance companies that we rely on to protect our homes.”
Robert Gordon, APCIA’s senior vice president of policy, research, and international said, “APCIA commends Rep. Frederica Wilson, Rep. Maxwell Frost, Rep. Nikema Williams, Rep. Darren Soto, and Miami-Dade Board of County Commissioners Vice Chair Kionne McGhee for their interest in addressing factors impacting the cost of living, including housing and homeowners insurance. The growing demographic shifts and property values to high-climate-risk areas, inflation in the cost to repair and replace property, climate change, legal system abuse, delayed regulatory approval of rate filings, and mandated coverages have collectively resulted in escalating insurance losses. Insurance is a passthrough of those costs. While homeowners insurance is a relatively small percent of the overall cost of homeownership, APCIA is committed to working with housing groups and regulators on long-term solutions to improve the availability and affordability of insurance. APCIA is also committed to working with members of Congress on commonsense mitigation and resiliency solutions that will better protect consumers and slow the rate of increase in property losses.”
The Congressional Research Service has published multiple reports on the Property Insurance Crisis, including “Homeowners Insurance and California Wildfires,” “Natural Disasters and the Homeowners Insurance Market,” and ‘“Hearing on “The Factors Influencing the High Cost of Insurance for Consumers”’
For photos and B-Roll of the event, click here.
For the livestream of the event, click here.
This event was held in Rayburn House Office Building; Room 2075.
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