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Minnesota’s Multifamily Housing Industry Faces Rising Property Insurance Costs
March 6 @ 12:00 pm – 1:00 pm CST
How are property insurance costs changing for the owners and operators of multifamily rental housing in Minnesota? How are the owners and operators of multifamily rental housing responding? And what are the opportunities for policy responses to the rising costs that could endanger the future of rental housing?
To quantify the increases in property insurance premiums and deductibles, the Federal Reserve Bank of Minneapolis surveyed multifamily rental owners and operators in fall 2024. Join us as we present our findings and hear from a panel of experts discussing our research.
Speakers
- Commissioner Grace Arnold, Minnesota Department of Commerce
- Aaron Cocking, Insurance Federation of Minnesota
- Steve Minn, Lupe Development Partners
- Hue Nguyen, Federal Reserve Bank of Minneapolis
- Laura Russ, Aeon
- Christina Spicher, Federal Reserve Bank of Minneapolis
- Libby Starling, Federal Reserve Bank of Minneapolis
Agenda
12:00 p.m.–12:03 p.m. CT
Welcome and Introductions
Speaker: Hue Nguyen, Community Development and Engagement, Federal Reserve Bank of Minneapolis
12:04 p.m.–12:15 p.m. CT
Presentation: Property Insurance Survey Results
Speaker: Christina Spicher, Community Development and Engagement, Federal Reserve Bank of Minneapolis
12:16 p.m.–12:46 p.m. CT
Panel: Discussion of Survey Results
Moderator: Libby Starling, Community Development and Engagement, Federal Reserve Bank of Minneapolis
Panelists:
- Commissioner Grace Arnold, Minnesota Department of Commerce
- Aaron Cocking, Insurance Federation of Minnesota
- Steve Minn, Lupe Development Partners
- Laura Russ, Aeon
12:47 p.m.–12:57 p.m. CT
Audience Q&A
Moderator: Libby Starling, Community Development and Engagement, Federal Reserve Bank of Minneapolis
12:58 p.m.–1:00 p.m. CT
Closing Remarks and Thank You
Speaker: Hue Nguyen, Community Development and Engagement, Federal Reserve Bank of Minneapolis