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
Copyright 2026 Reuters. Click for restrictions.
Was this article valuable?
Here are more articles you may enjoy.
Howden Buys M&A Insurance Broker Atlantic Group in US Expansion
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization 

