Over 250,000 Properties have Repeat NFIP Claims

The National Resources Defense Council (NRDC) took a look at repeat claims to the National Flood Insurance Program (NFIP). The numbers are shocking. Repeat claims have hit 250,000. That’s a quarter of a million and four states — Louisiana, Texas, Florida and New York — account for over half of the 250,000 repeat claims.

The cost to the taxpayers who pay for most of the NFIP’s claims expenses? Millions.

NRDC senior policy analyst, Anna Weber said more homes are now being damaged by flooding due to climate change. She says those costs are combined with development in areas that ought not to be developed and out-of-date infrastructures.

“Stronger hurricanes, more intense rainstorms and rising seas are all enacting a toll on people’s lives,” Weber said. “We need changes at all levels of government to make communities safer.”

Two PIA Western Alliance states — Washington and California — are on the NRDC’s list of worrisome states.

 Source link: Insurance Journal — https://bit.ly/3UNuqIb