Texas Is Second In The U.S. For Highest Number Of NFIP Policies

The deadly flooding that struck Texas and Oklahoma this week has drawn comparisons to 2001’s Tropical Storm Allison, which caused $1.1 billion in insured flood losses, according to the Insurance Information Institute (I.I.I.). “Because of the high risk of flood, Texas has the second-highest number of NFIP policies in effect nationally, trailing only Florida,” said Lynne McChristian, the I.I.I.’s Catastrophe Response Coordinator, who is currently in the disaster zone in Houston. Texas homeowners, renters and business owners had 597,951 NFIP policies in-force as of March 15, 2015, according to the federal government’s latest numbers.