NFIP anticipates Hurricane Ian claims of $3.5bn-$5.3bn
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NFIP anticipates Hurricane Ian claims of $3.5bn-$5.3bn

Rachel Dalton
11 November 2022
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flood money.jpg

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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Rachel Dalton
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