Flooding is a peril that took center stage this year amid an active Atlantic Hurricane season, a fact that’s highlighted in a new report.
The National Insurance Flood Program is expected to face total losses between $8.2 billion and $10.5 billion for 2024, while the private flood insurance market in Florida is projected to see total losses of more $500 million from hurricanes Helene and Milton, the report shows.
Related: NOAA Confirms It Has Been a Busy Weather Year
Neptune Flood, a provider of private flood insurance, released an analysis of the aftermath of Helene