Federal disaster assistance does provide funds to some affected by floods, but federal assistance is available only after a geographic area has been declared a federal disaster. The federal government issues disaster assistance declarations in fewer than 50% of flooding events. (Credit: On-Air/Adobe Stock)
Policyholders have filed more than 44,000 flood insurance claims with the National Flood Insurance Program (NFIP) after Hurricane Ian. The federal flood insurance program has already paid nearly $437 million to policyholders as of early November 2022.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
