FEMA to borrow $2bn for NFIP after hurricane losses from Milton and Helene
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FEMA to borrow $2bn for NFIP after hurricane losses from Milton and Helene

The NFIP’s strategy is to use ‘short-term borrowings’ to meet what could be $10bn in claims.

By Clark Mindock
February 11, 2025
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FEMA flood, federal flood, national guard

The Federal Emergency Management Agency (FEMA) is set to borrow $2bn from the US Treasury Department to help the National Flood Insurance Program (NFIP) pay tens of thousands of claims it has received from 2024’s hurricane season.

FEMA

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