CBS, NBC Find Culprit For Spiking Home Insurance Rates: Climate Change

BRIAN CHEUNG: The costs of owning and maintaining a home have soared, up 26% since 2020 according to one analysis. And home insurance is a major piece. That's up 20%. One of the reasons, climate change. Last year, the United States had a record 28 separate weather and climate disasters costing at least $1 billion, with insurance companies losing money in 16 states. And now many insurers are dropping customers from their policies, sometimes leaving entire states-