One way homeowners are paying more due to extreme weather

for the housing market and homeowners. As severe weather-related risks and incidents escalate, homeowners find themselves grappling with the continued reality of soaring costs associated with homebuying.America's homeowners facing a hefty price tag from climate costs and now the fallout from severe weather risks may be spreading in the US job finances, senior columnist, Rick Newman joins us now with more Rick.

So for example, in the upper midwest, uh they've had a lot of hailstorms in recent years that have caused a lot of damage.And the second thing that's going on here is because um, big national insurers because they write insurance policies across a huge pool of buyers all across the country to some extent, they are offsetting, uh, super high cost in places where there are severe storms, think Florida, California wildfire, tornado alley, things like that.

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