Travelers Institute^® Addressing P&C Insurance Availability and Affordability Challenges

In September 2025, the Travelers Institute launched a new initiative called Risk. Regulation. Resilience. Responsibility.℠, a multiyear effort that explores how policymakers, insurance agents, brokers, carriers and consumers can address the challenges of availability and affordability within the property casualty (P&C) insurance marketplace.

In certain jurisdictions, and particularly in the wake of more frequent natural disasters, families and businesses are bearing the consequences of an insurance marketplace that isn’t working the way it should. While climate change is cited as an explanation, this is an incomplete answer to a more complex problem. Economic inflation, aging infrastructure and population migration into high-risk areas are primary drivers of rising weather-related losses. There is also a constellation of other factors, including the staggering cost of litigation abuse as well as land management and building codes that fail to contemplate the weather and climate risks that local communities are exposed to.

The Risk. Regulation. Resilience. Responsibility. initiative explores the full range of factors underlying insurance availability and affordability challenges with the aim of educating stakeholders about the true scope of the problem and encouraging them to be active participants in the legislative and political process. The first four educational programs kicked off in fall 2025, gathering more than 560 risk professionals, students and others in St. Paul, Minnesota; Tulsa, Oklahoma; Atlanta, Georgia; and Dallas, Texas. Keynote presentations and panel discussions featured Travelers senior leaders, including Travelers Executive Vice President and Enterprise Chief Underwriting Officer Rick Keegan. These sessions, moderated by Travelers Institute President Joan Woodward, explored:

• How insurance markets work and the role of risk-based pricing.
• The impact of changing climate conditions on atmospheric perils.
• Insurance markets of last resort.
• The latest building science and the role of building codes.
• The state of community infrastructure.
• Disaster preparedness for families, businesses and communities.
• The impact of litigation abuse and the need for legal reform.
• Actions we can all take to promote resilient communities.

The initiative also features organizations and program partners that are committed to solving these challenges, including the Insurance Institute for Business & Home Safety, the American Property Casualty Insurance Association, the Federal Alliance for Safe Homes, the Council of Insurance Agents & Brokers and the Independent Insurance Agents & Brokers of America.

Programs will continue in communities across the United States in 2026.

Related resources

• Op-ed: Why Some Insurance Markets Are Struggling and How We Can Fix Them by Alan Schnitzer, Chairman and CEO, Travelers
• Press release: Travelers Launches Initiative to Address Insurance Availability and Affordability Challenges