Fema to borrow $2bn for NFIP after losses from Milton and Helene
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Fema to borrow $2bn for NFIP after 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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Topics

News Regulation Personal lines Catastrophe losses
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