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Claims News Service, Sept. 29, 3:49 p.m. EST — In an effort to renew the National Flood Insurance Program (NFIP) and restore its fiscal soundness, the U.S. Senate passed a continuing resolution (CR) package on September 27, 2008 that will ensure funding through March 6, 2009.

Congress initially established the vital program with the passage of the National Flood Insurance Act of 1968. The NFIP enables property owners located in participating communities to purchase insurance as protection against flood losses in exchange for state and community floodplain management regulations that reduce future flood damages.

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