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Home Insurance Law

Hurricanes Helene, Milton drive NFIP loss ratio over 200% for 2024 – Neptune Flood

admin by admin
2024年11月18日
in Insurance Law
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Hurricanes Helene, Milton drive NFIP loss ratio over 200% for 2024 – Neptune Flood
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Impression on Florida

In Pinellas County, Fla., the affect of Hurricane Helene has dropped at mild the area’s substantial flood publicity. Whereas Hurricane Eta in 2020 and Hurricane Idalia in 2023 generated NFIP payouts of $51 million and $136 million, respectively, over 22,000 NFIP claims have been filed following Helene, amounting to almost 40% of all claims from the storm, with anticipated payouts exceeding $2 billion. A further 2,000 claims have been filed from Milton.

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