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Tornadoes pose bigger risk to homeowners than hurricanes, new research says

Tornadoes pose bigger risk to homeowners than hurricanes, new research says

Summary

New research from First Street shows that tornadoes, hail, and strong winds cause more damage and pose a bigger risk to homeowners than hurricanes. Jeremy Porter, the chief economist at First Street, explained these findings on CBS News.

Key Facts

  • Severe convective storms include tornadoes, hail, and strong winds.
  • These storms cause more damage to homes than hurricanes, according to new research.
  • The research was conducted by the company First Street.
  • Jeremy Porter is the chief economist at First Street.
  • Porter discussed the research on the CBS News program "The Daily Report."
  • The study focuses on risks to homeowners from weather events.
  • Tornadoes are part of these severe storms that increase danger to homes.
  • The research challenges common views that hurricanes are the biggest threat to homeowners.
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