Homeowners across the country are discovering that insurance premiums are rising by an average of 4 percent, or nearly 14-hundred dollars annually. Experts say that rising material costs, supply chain disruptions, and climate disasters are driving the price hikes. Now prices are rising higher than the rate of inflation.

For more on the trend, KCBS Radio News Anchor Eric Thomas spoke with Jesse Keenan, Associate Professor of Real Estate in the School of Architecture at Tulane University