Reported 8 months ago
Climate change is presenting a new challenge to the housing market and homeowners, leading to rising costs linked to home insurance premiums as severe weather risks and incidents increase. Senior Columnist Rick Newman from Yahoo Finance highlights the issue, discussing the escalating home insurance expenses nationwide due to extreme weather events. This trend is not limited to coastal areas but is affecting homeowners across the country, with insurers adjusting rates to offset the rising costs of severe storms in various regions.
Source: YAHOO