Flood Insurance Program Extended

Closers,  Insurance and Financial Advisor reports that the House and Senate have passed a two-month extension to the FEMA federal flood program to run through Feb. 28, 2010. This is the third short-term extension of the program this year.  The Property Casualty Insurers Association of America (PCI)  spent this  year urging Congress for a long-term extension of the program that protects against flooding for more than 5.5 million homeowners nationwide and of particular concern to Florida residents where many owners rely on the insurance.