
Leading flood insurance provider examines the past decade of U.S. hurricane losses


For the first time in a decade, the 2025 Atlantic hurricane season ended without a single hurricane hitting the continental United

<p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Leading flood insurance provider examines the past decade of U.S. hurricane losses</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For the first time in a decade, the 2025 Atlantic hurricane season ended without a single hurricane hitting the continental United States. Yet the same season produced three Category 5 hurricanes, tied for the second-most ever recorded. They simply did not make landfall in the U.S.

</p><p xmlns="http://www.w3.org/1999/xhtml">
That distinction matters. The threat that defines hurricane season for the U.S. is not the count of storms a forecaster predicts, but whether one of those storms strikes a populated area. For nine consecutive years before 2025, at least one did.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This report explains what hurricane season is, what the past decade has actually cost, and why one quiet year should not be mistaken for a change in direction.

</p><p xmlns="http://www.w3.org/1999/xhtml">
What the past decade has shown:

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Between 2016 and 2024, 25 hurricanes made U.S. landfall, an average of nearly three per year, and five consecutive years (2020-2024) brought at least one major hurricane to U.S. shores. Six of the ten costliest U.S. hurricanes on record occurred during this window.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
A strained federal flood program: Over the full decade (2016-2025), the NFIP paid a non-inflation-adjusted $36.7 billion on more than 586,000 individual flood claims, accounting for 40% of all-time NFIP claims. The program now owes $22.525 billion to the U.S. Treasury, leaving just $7.9 billion of room before it hits its $30.425 billion borrowing cap.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
A persistently low insurance take-up rate: Roughly 4% of Americans carry flood insurance. In the 100 counties hit hardest by Hurricane Helene, that figure was about 2%; in Buncombe County, North Carolina, where Asheville and surrounding towns experienced large losses, it was less than 1%. Helene alone caused an estimated $20-30 billion in uninsured flood losses that homeowners absorbed directly.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
A below-normal 2026 outlook that doesn&#39;t equal low risk: NOAA&#39;s 2026 outlook calls for a below-normal Atlantic season (8-14 named storms, 3-6 hurricanes, 1-3 major hurricanes), citing an expected strong El Niño. But a seasonal outlook only describes where storms might form, not where they will go. Hurricane Sandy made landfall in 2012 as a Category 1, the weakest classification, yet caused roughly $70 billion in damage because it struck a densely populated region.

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
The full report, <i xmlns="http://www.w3.org/1999/xhtml">A Decade of Storms: Why 2025’s Calm Season Isn’t a Trend</i>, is <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fneptuneflood.com%2Fresearch%2Fa-decade-of-storms%2F&amp;esheet=54585020&amp;newsitemid=20260806209283&amp;lan=en-US&amp;anchor=available+here&amp;index=1&amp;md5=c90da9aa343d97486e66b0f6c9bb7bd1" shape="rect">available here</a> and on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fneptuneflood.com%2Fresearch%2F&amp;esheet=54585020&amp;newsitemid=20260806209283&amp;lan=en-US&amp;anchor=neptuneflood.com%2Fresearch&amp;index=2&amp;md5=b45076fb1e947a0bd50a8115bef21e44" shape="rect">neptuneflood.com/research</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Neptune Flood</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Neptune Flood (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NP">NP</a>) is a leading, data-driven managing general agent offering a range of easy-to-purchase residential and commercial insurance products, including primary flood and excess flood insurance, distributed through a nationwide network of agencies. Leveraging proprietary artificial intelligence and advanced data science, Neptune delivers fast, accurate, and accessible coverage for residential and commercial properties across the United States. The Company operates without human underwriters, using Triton&#xAE;, its cutting-edge platform to streamline underwriting, pricing, and policy issuance.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260806209283r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260806209283/en/" rel="nofollow">https://www.businesswire.com/news/home/20260806209283/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Media:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Loren Pomerantz
<br xmlns="http://www.w3.org/1999/xhtml"></br>917-902-0219
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:loren@combined-forces.com" shape="rect">loren@combined-forces.com</a>

</p>

Neptune Flood Research Group Examines a Decade of Storms, Warns 2025's Quiet Hurricane Season Isn't a Trend

NP Positioned to Benefit from Private Flood Market Amid NFIP Strain

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Leading flood insurance provider examines the past decade of U.S. hurricane losses


For the first time in a decade, the 2025 Atlantic hurricane season ended without a single hurricane hitting the continental United</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>The report notes a rare quiet U.S. year for hurricane landfalls in 2025, yet underlying risk remains with offshore Cat 5 storms and a stressed NFIP. It highlights low flood-insurance uptake, substantial NFIP claim history, and limited borrowing capacity. This environment could enlarge private flood demand, a potential tailwind for NP&#039;s AI-driven underwriting model and growth trajectory.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>2025 season had zero U.S. hurricane landfalls.</li><li>Three Cat 5 storms formed but stayed offshore.</li><li>NFIP paid $36.7B in claims; $7.9B cushion remaining.</li><li>Flood-insurance take-up about 4% nationwide.</li><li>NOAA 2026 outlook: below-normal season despite El Niño.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Neptune Flood (NP)</strong>: Primary subject; article is a Neptune Flood report highlighting private-flood model and potential NP advantages.</li><li><strong>U.S. Treasury (UST)</strong>: NFIP debt to Treasury; borrowing-cap dynamics could influence policy and private market opportunities for NP.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Category: Industry News. Fits NP by illustrating flood-risk financing dynamics, NFIP constraints, and private-market growth potential that could affect NP&#039;s addressable market and pricing power.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>NFIP borrowing cap nearing limit may elevate private flood demand.</li><li>Uninsured flood losses underscores private-market need.</li><li>Helene&#039;s uninsured losses illustrate large market tail risk.</li><li>El Niño-linked variability keeps tail-risk in flood exposure.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>2025 season: zero U.S. hurricane landfalls.</li><li>2016-2024: 25 hurricanes made U.S. landfall; 6 of the 10 costliest occurred in this window.</li><li>NFIP paid $36.7B in claims; 586,000+ claims filed over the decade.</li><li>NFIP owes $22.525B to U.S. Treasury; only $7.9B room before cap.</li><li>NOAA 2026 outlook: 8-14 named storms, 3-6 hurricanes, 1-3 major hurricanes; El Niño expected.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Over the next 6–12 months, NP could gain from expanding private flood demand as NFIP capacity tightens.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Leading flood insurance provider examines the past decade of U.S. hurricane losses</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For the first time in a decade, the 2025 Atlantic hurricane season ended without a single hurricane hitting the continental United States. Yet the same season produced three Category 5 hurricanes, tied for the second-most ever recorded. They simply did not make landfall in the U.S.

</p><p xmlns="http://www.w3.org/1999/xhtml">
That distinction matters. The threat that defines hurricane season for the U.S. is not the count of storms a forecaster predicts, but whether one of those storms strikes a populated area. For nine consecutive years before 2025, at least one did.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This report explains what hurricane season is, what the past decade has actually cost, and why one quiet year should not be mistaken for a change in direction.

</p><p xmlns="http://www.w3.org/1999/xhtml">
What the past decade has shown:

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
Between 2016 and 2024, 25 hurricanes made U.S. landfall, an average of nearly three per year, and five consecutive years (2020-2024) brought at least one major hurricane to U.S. shores. Six of the ten costliest U.S. hurricanes on record occurred during this window.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
A strained federal flood program: Over the full decade (2016-2025), the NFIP paid a non-inflation-adjusted $36.7 billion on more than 586,000 individual flood claims, accounting for 40% of all-time NFIP claims. The program now owes $22.525 billion to the U.S. Treasury, leaving just $7.9 billion of room before it hits its $30.425 billion borrowing cap.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
A persistently low insurance take-up rate: Roughly 4% of Americans carry flood insurance. In the 100 counties hit hardest by Hurricane Helene, that figure was about 2%; in Buncombe County, North Carolina, where Asheville and surrounding towns experienced large losses, it was less than 1%. Helene alone caused an estimated $20-30 billion in uninsured flood losses that homeowners absorbed directly.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
A below-normal 2026 outlook that doesn&#39;t equal low risk: NOAA&#39;s 2026 outlook calls for a below-normal Atlantic season (8-14 named storms, 3-6 hurricanes, 1-3 major hurricanes), citing an expected strong El Niño. But a seasonal outlook only describes where storms might form, not where they will go. Hurricane Sandy made landfall in 2012 as a Category 1, the weakest classification, yet caused roughly $70 billion in damage because it struck a densely populated region.

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
The full report, <i xmlns="http://www.w3.org/1999/xhtml">A Decade of Storms: Why 2025’s Calm Season Isn’t a Trend</i>, is <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fneptuneflood.com%2Fresearch%2Fa-decade-of-storms%2F&amp;esheet=54585020&amp;newsitemid=20260806209283&amp;lan=en-US&amp;anchor=available+here&amp;index=1&amp;md5=c90da9aa343d97486e66b0f6c9bb7bd1" shape="rect">available here</a> and on <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fneptuneflood.com%2Fresearch%2F&amp;esheet=54585020&amp;newsitemid=20260806209283&amp;lan=en-US&amp;anchor=neptuneflood.com%2Fresearch&amp;index=2&amp;md5=b45076fb1e947a0bd50a8115bef21e44" shape="rect">neptuneflood.com/research</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Neptune Flood</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Neptune Flood (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/NP">NP</a>) is a leading, data-driven managing general agent offering a range of easy-to-purchase residential and commercial insurance products, including primary flood and excess flood insurance, distributed through a nationwide network of agencies. Leveraging proprietary artificial intelligence and advanced data science, Neptune delivers fast, accurate, and accessible coverage for residential and commercial properties across the United States. The Company operates without human underwriters, using Triton&#xAE;, its cutting-edge platform to streamline underwriting, pricing, and policy issuance.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260806209283r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260806209283/en/" rel="nofollow">https://www.businesswire.com/news/home/20260806209283/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Media:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Loren Pomerantz
<br xmlns="http://www.w3.org/1999/xhtml"></br>917-902-0219
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:loren@combined-forces.com" shape="rect">loren@combined-forces.com</a>

</p>

The report notes a rare quiet U.S. year for hurricane landfalls in 2025, yet underlying risk remains with offshore Cat 5 storms and a stressed NFIP. It highlights low flood-insurance uptake, substantial NFIP claim history, and limited borrowing capacity. This environment could enlarge private flood demand, a potential tailwind for NP's AI-driven underwriting model and growth trajectory.

News insight

Neptune Flood Research Group Examines a Decade of Storms, Warns 2025's Quiet Hurricane Season Isn't a Trend

AI summary

Sentiment rationale

Key facts

Industry News