NFIP Begins Issuing Advance Payments to Policyholders After Hurricane Ian - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 7, 2022 Newswires
Share
Share
Post
Email

NFIP Begins Issuing Advance Payments to Policyholders After Hurricane Ian

News-Sun (Sebring, FL)

WASHINGTON — A week after widespread flooding in Florida from Hurricane Ian, FEMA's National Flood Insurance Program policyholders are beginning to receive funds to help jumpstart their recovery. To date, FEMA has provided $3.5 million in advance payments to policyholders who have started the claim process.

FEMA has also taken steps to ease burdens on its policyholders as they begin to clean up and repair, including allowing some who need to renew policies to take advantage of flood insurance benefits.

"We know that rebuilding after a flood can be difficult," said David Maurstad, deputy associate administrator for resilience and senior executive of the National Flood Insurance Program. "We want to remove as many obstacles as possible and ease our customers' burden to help them recover more quickly. Regardless of how much flooding your home experienced, FEMA's National Flood Insurance Program stands ready to assist its policyholders."

More time for policyholders

There are NFIP policies in Florida where the renewal date has passed, but you may be able to take steps that will reinstate your policy and receive coverage for flood damage from Hurricane Ian. Policyholders based in Florida who had flood damage from the hurricane now have a 90-day grace period to renew their policies.

The extension applies to policies with renewal dates beginning Aug. 25, 2022, through and including Oct. 23, 2022. Policyholders whose NFIP policy renewal date is within this range should contact their agent or insurance company.

Additionally, the NFIP has extended the proof of loss requirement for policyholders who suffered flood damage from Hurricane Ian from the standard 60 days to 365 days from the date of loss.

The NFIP also authorized its Write Your Own insurance company partners and the NFIP Direct to pay claims based on the adjuster's report, without requiring policyholders to sign a proof of loss. When a policyholder seeks additional payment for any reason, they may still submit a signed proof of loss to the insurer. Policyholders can submit a signed proof of loss later if they need to request an additional payment or if they disagree with the adjuster's report.

Payments

In the Hurricane Ian affected states, as of Oct. 4, 2022, FEMA has received more than 25,000 NFIP claims and has pushed out over $3.5 million in advance payments for many of these policyholders. Policyholders affected by Hurricane Ian can now receive between $5,000 and $20,000 with documentation prior to an inspection by an adjuster. Policyholders are encouraged to talk with their insurer about how to receive an advance payment to help jumpstart their recovery.

"The NFIP is committed to processing claims quickly and fairly," Maurstad said. "We remain in close coordination with our Write Your Own insurance companies, the NFIP Direct and the state insurance commissioners' offices to ensure that policyholders are paid every dollar owed for covered flood loss."

Anyone affected by Hurricane Ian who has an NFIP flood insurance policy and has suffered flood damage should begin filing their claim now. Evacuated policyholders can still start their claim and provide specifics later, once local officials say it's safe to return home.

Policyholders can start their claim by contacting their flood insurance agent or company. Those who don't know who their insurance agent or company is may call 877-336-2627.

To learn more about how to file a flood insurance claim visit floodsmart.gov.

Older

Condo Insurance Market Will Hit Big Revenues in Future : Aviva, Farmers Insurance Group, Erie Insurance

Newer

More Than 97% of the Nation’s Top Performing Health Insurance Plans – According to NCQA 2022 and CMS 2023 Plan Ratings – Use Member Experience Solutions From Press Ganey

Advisor News

  • SEC manual shake-up: What every insurance advisor needs to know now
  • Retirement moves to make before April 15
  • Millennials are inheriting billions and they want to know what to do with it
  • What Trump Accounts reveal about time and long-term wealth
  • Wellmark still worries over lowered projections of Iowa tax hike
More Advisor News

Annuity News

  • Variable annuity sales surge as market confidence remains high, Wink finds
  • New Allianz Life Annuity Offers Added Flexibility in Income Benefits
  • How to elevate annuity discussions during tax season
  • Life Insurance and Annuity Providers Score High Marks from Financial Pros, but Lag on User Friendliness, JD Power Finds
  • An Application for the Trademark “TACTICAL WEIGHTING” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
More Annuity News

Health/Employee Benefits News

  • Best’s Special Report: US Life/Health Insurance Industry Sees Impairments Halved in 2024
  • New York receives partial approval for Essential Plan changes
  • New York receives partial approvel for Essential Plan changes
  • Parents of children with disabilities urge lawmakers not to ‘lock in’ Iowa Medicaid privatization
  • Delaware approves $200 copay for weight-loss drugs, new premiums for state employees
More Health/Employee Benefits News

Life Insurance News

  • Best’s Special Report: US Life/Health Insurance Industry Sees Impairments Halved in 2024
  • Jackson Study Exposes Stark Disconnect Between Anticipation of Policy Change and Retirement Planning Conversations
  • Thrivent plans to add 600 advisors this year
  • Third Federal Named a top Financial Services Company by USA TODAY
  • New Allianz Life Annuity Offers Added Flexibility in Income Benefits
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Press Releases

  • ICMG Golf Event Raises $43,000 for Charity During Annual Industry Gathering
  • RFP #T25521
  • ICMG Announces 2026 Don Kampe Lifetime Achievement Award Recipient
  • RFP #T22521
  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet