U.S. flood insurance program sees $11B payments for Texas flooding

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A car is submerged in floodwater in the aftermath of Hurricane Harvey, Monday, Sept. 4, 2017, near the Addicks and Barker Reservoirs in Houston. (AP Photo/David J. Phillip) (Copyright 2017 The Associated Press. All rights reserved.)

The U.S. federal flood insurance program estimates it will make $11 billion in payments through the government-run program for flooding in Texas caused by Hurricane Harvey, the program's administrator Roy Wright said on Wednesday.

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Additionally, in an attempt to make those payments more quickly, homeowners who do not object to the determination made by adjustors will be able to receive their payouts without completing additional paperwork, Wright said. 

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(Reporting by Ginger Gibson; Editing by Chizu Nomiyama)

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