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

Impact on Florida

In Pinellas County, Fla., the impact of Hurricane Helene has brought to light the region’s substantial flood exposure. While 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 nearly 40% of all claims from the storm, with expected payouts exceeding $2 billion. An additional 2,000 claims have been filed from Milton.

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