Is a Federal Reinsurance Backstop the Answer to Home Insurance Challenges?

  • Published In: Claims Journal, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hemenway, Chad 3 of 3

Abstract

The article focuses on a proposal by the Brookings Institution's Hamilton Project for a federal reinsurance backstop called US Re, designed to stabilize the U.S. homeowners insurance market by leveraging federal borrowing capacity to cover severe natural catastrophe risks. The plan aims to address challenges such as rising premiums, premium volatility, and limited insurance access by providing more consistent and affordable coverage through a government-backed reinsurer. However, Dave Snyder, vice president for policy at the American Property Casualty Insurance Association, criticized the proposal for not addressing underlying affordability issues like growing risk, inadequate land-use planning, and legal system costs. The proposal was presented at a Brookings forum and is intended to support disaster resilience and housing market stability. [Extracted from the article]

Additional Information

  • Source:Claims Journal. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2026
  • Accession Number:192436215
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