America’s Growing Home Insurance Crisis: What’s Driving It?

Douglas McIntyre discusses how climate change is fueling a nationwide home insurance crisis. While LA’s wildfires have made some homes uninsurable, the problem extends far beyond California. Florida’s hurricanes and extreme weather in the Midwest—including tornadoes, hail, and flooding—are also driving insurance rates higher. With some premiums reaching the cost of mortgage payments, securing home insurance is becoming increasingly difficult, making it harder to buy or sell homes across the U.S.