NFIP take-up rates in coastal counties are up
Hurricane Debby, the second hurricane of the 2024 Atlantic season, is projected to result in combined wind and water-related insured losses between $1 billion and $2 billion for the private insurance market and public entities, including the National Flood Insurance Program (NFIP) and the USDA’s Risk Management Agency (RMA) crop insurance program, according to Gallagher Re.