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

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.

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

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.

An insurance industry official told a congressional panel that lawmakers must be careful to ensure any expanded federal insurance does not artificially suppress rates or crowd out private carriers.

Key Senate Democrats unveiled a "public plan" option for health care reform that would be administered by the Department of Health and Human Services, which would negotiate rates and premiums.

Wal-Mart, the nation's largest private employer, has told President Obama it would support health care reform legislation requiring businesses to provide employees some level of health insurance coverage.

Insurance products would be mostly exempt from oversight by the proposed Consumer Financial Protection Agency under legislation submitted to Congress this morning by the Treasury Department.