Not surprisingly, Hurricane Ian was the "largest loss-causing event" of 2022 with estimated losses of up to $65 billion, according to a recent report from the Swiss Re Institute. The storm was the second-largest insured loss recorded, just behind Hurricane Katrina. FEMA reported in early November more than 44,000 flood claims related to Hurricane Ian and said they paid out almost $437 million in losses. The agency projected Ian-related claims to total up to $5.3 billion. (Credit: U.S. Department of Agriculture)
The past year was yet another that put America's flood insurance system to the test.
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