The National Association of Insurance Commissioners has written key House lawmakers telling them that a plan to create a federal agency for health care insurance oversight would be costly and unnecessary.

Proposed legislation to create a U.S. Consumer Financial Protection Agency should be revised to eliminate mortgage, title and credit insurance, a coalition of insurance trade groups has written Congress.

House Democrats have unveiled health care reform legislation that contains controversial provisions including a government-run public insurance option and a surtax on the wealthy.

The Senate Health, Education and Labor Committee has approved legislation to reform the nation's health care delivery system.

House Democrats today unveiled a health bill that includes provisions calling for a "public option," a health insurance exchange, an employer mandate and appointment of a federal "health choices commissioner."

Two organizations battling over public policy for natural catastrophes issued competing statements concerning what kind of federal legislation should address the problem.

Legislation was introduced in the House today to reauthorize and extend the current National Flood Insurance Program past the current Sept. 30 cutoff to March 31, 2010.

Insurance products would be mostly exempt from oversight by the proposed U.S. Consumer Financial Protection Agency under legislation submitted to Congress last week by the Treasury Department.