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NFIP claims paid after Hurricane Ian exceeded $3.4bn in March

May 4, 2023

By the end of March 2023, National Flood Insurance Program (NFIP) claims paid after Hurricane Ian had surpassed $3.4 billion, with more than 46,000 NFIP flood insurance claims received.

As we wrote previously, by mid-January 2023, the NFIP had paid $2.2 billion in claims for Hurricane Ian, the powerful Category 5 Atlantic hurricane which battered Florida in September 2022, becoming one of the costliest re/insured loss events in history at an estimated $55 billion.

The January 17th figure reported by the US Federal Emergency Management Agency (FEMA) represented an almost 28% increase from the January 9th figure.

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