Hurricane Helene Flood Insurance Payments Surpasses $1 Billion
Hurricane Helene Flood Insurance Payments Surpasses $1 Billion FEMA Encourages Florida Policyholders to Take Advantage of Extended Grace Period to Renew WASHINGTON -- The National Flood Insurance Program (NFIP), administered by FEMA, has paid policyholders over $1.4 billion for flood losses stemming from Hurricane Helene recovery, with over 56,000 policyholders having filed claims following the storm’s landfall. FEMA estimates Hurricane Helene could potentially result in flood insurance claims losses between $3.5-$7 billion. These estimates are FEMA’s projections as of Nov. 12, 2024 and are subject to change. The losses include flood insurance claims received from six states, with the majority of