'Million Dollar Listing LA' star reveals how clients are insuring homes amid rising rates

Josh Flagg, star of Bravo's "Million Dollar Listing Los Angeles" joins CNN to discuss the skyrocketing cost of home insurance in America. The US saw a record 28 weather and climate disasters in 2023, with damages from each event totaling over $1 billion. An expert in the insurance industry says Americans saw roughly a 10% to 12% increase in their homeowners' insurance rates.