23 Aug 2014
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Ocean City Is Fifth On List of New Jersey Towns Receiving Flood Insurance Payouts

The community and eight other Jersey Shore towns are in the top 10 - largely because of the impact of Hurricane Sandy and other storms

Ocean City Is Fifth On List of New Jersey Towns Receiving Flood Insurance Payouts

By Scott Gurian, NJ Spotlight

Ocean City is fifth on a list compiled by  NJ Spotlight of New Jersey towns that have received flood insurance payouts from the  National Flood Insurance Program since 1978.

The community and eight other Jersey Shore towns are in the top 10 - largely because of the impact of Hurricane Sandy and other storms.

Since it was created in the late 1960s, the  National Flood Insurance Program has paid out more than $50 billion to policyholders in all fifty states, US territories and the District of Columbia.

According to  FEMA data going back to 1978 – when the agency first began computerizing its records -- Louisiana ranks at the top of the list of NFIP payment recipients, with more than $16 billion in historical losses, largely as a result of Hurricane Katrina. Nearly half of that total – some $7.2 billion -- is due to flood damage in New Orleans alone.

After Louisiana, Texas ranks second, with $5.5 billion, and post-Sandy New Jersey comes in a close third place, with $5.4 billion in payouts.

Following is a list of the top 10 communities in the state receiving flood-insurance payouts over the years:

5. Ocean City: $171,103,224

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