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.
Intersecting Risks and the Future of Construction Insurance 
Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf 
Zurich Sees Data Center Boom Spurring Insurance Securitization 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
