Top NFIP Flood Payout States Of 2014

In 2014, major flooding in the U.S. resulted in more than $373 million in claim payouts through the National Flood Insurance Program (NFIP), according to statistics from the Insurance Information Institute (III). Using information compiled from U.S. Department of Homeland Security and the Federal Emergency Management Agency (FEMA), I.I.I. found that the average 2014 NFIP claim was $29,033. Not surprisingly, Florida ranked as the state with both the highest amount of payout and the highest number of claims, with $115.84 million paid out on 3,823 claims.