Frequent Natural Disasters Raise Homeowners Insurance Rates

From wildfires to tornadoes, climate change is triggering more intense and frequent natural disasters. Because of this, insurance companies are raising premiums and even dropping coverage for homes in “high risk” areas like Orange County, California. Correspondent Dan Lieberman traveled there to speak to impacted residents. He joins Soledad O’Brien in-studio with an update on how the issue is becoming a concern for the entire country.

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I am a Realtor in Mississippi. It’s really sad that the market is volatile right now. Went from low inventory, to high purchase prices, to increase in interest rates, now increases in property taxes and homeowners insurances.