On the eve of the expiry of the current National Flood Insurance Program (NFIP) a short-term extension of the federal program passed the Senate over the weekend. This means that authorization of the NFIP is extended until March when further action on long-term reform of the program is expected. Check out today’s online article at National Underwriter by Arthur D. Postal for more information. While several bills reforming the NFIP have been proposed, the House and Senate have yet to reach agreement on reauthorization of the program. As Hurricane Kyle brushed by the coast of Maine this weekend, bringing as much as 5.5 inches of rain over three days, it was a timely reminder of the importance of flood insurance. At the end of 2007, the NFIP had some 5.7 million policies in force. However, a 2008 poll by the I.I.I. found that only 17 percent of Americans have a flood insurance policy. Check out further I.I.I. facts and stats on flood insurance.