U.S. Flood Insurance Program Expects $11B in Texas Flood Payouts

By Ginger Gibson | September 13, 2017

U.S. officials estimate the FEMA-run National Flood Insurance Program will make $11 billion in payments for flooding in Texas caused by Hurricane Harvey, the program’s administrator Roy Wright said.

Additionally, in an attempt to make those payments more quickly, homeowners who do not object to the determination made by adjustors will be able to receive their payouts without completing additional paperwork, Wright said.

Reporting by Ginger Gibson; Editing by Chizu Nomiyama

Latest Comments

  • September 14, 2017 at 12:53 am
    okt0ber says:
    Homeowners who don't object to WHAT determinations made by adjusters, exactly? Homeowners who just go along with what the adjuster wants to pay, no matter how incorrectly low?... read more
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