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.
