NFIP anticipates Hurricane Ian claims of $3.5bn-$5.3bn
The US Federal Emergency Management Agency (FEMA) has projected possible losses to the National Flood Insurance Program (NFIP) of between $3.5bn and $5.3bn from Hurricane Ian.
This suggests the loss to reinsurers on its more than $1bn traditional reinsurance programme should be under $80mn.
FEMA this year bought a $1.064bn
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