The federal government should help regulate the insurance industry, a consumer group representative and a law professor urged a U.S. Senate panel last week.

Controversial legislation that would bar foreign-owned insurers from moving their U.S. earnings into tax havens through a reinsurance transaction with an affiliate was introduced late Thursday in the House.

The House Energy and Commerce Committee was preparing at press time on Friday to approve health care reform legislation, a move that would send the House version of the historic legislation to the House floor for a vote in September.

Sen. Chris Dodd, D-Conn., the powerful chairman of the Senate Banking Committee, announced today he has prostate cancer and will have surgery during the August congressional recess.

The House hopes to hold hearings this fall on flood insurance issues and will seek to persuade the Senate to add wind coverage and other provisions to the National Flood Insurance Program.

Leadership of the Senate Finance Committee said members are making "progress" drafting bipartisan healthcare reform legislation that the insurance industry can support, but it won't be anytime soon.

Leadership of the Senate Finance Committee said members are making "progress" drafting bipartisan health care reform legislation that the insurance industry can support, but it won't be anytime soon.

Expressly, race-based employment decisions are illegal, the Supreme Court ruled late last month in a closely watched discrimination case brought by white and Hispanic firefighters.