The Captive Insurance Companies Association says an article on captives written in The New York Times this week “completely misses the point” and is “impossible to correct.”

The House Energy and Commerce Committee has reported to the full House legislation that would cap non-economic damages in malpractice cases at $250,000 and set other restrictions on lawsuits against doctors.

As water from the swollen Mississippi River poured over a century-old levee Thursday, officials downstream with the Port of New Orleans said the Coast Guard could close the river to ships as early as Monday, halting traffic on one of the world's busiest commercial waterways.

Deputy Treasury Secretary Neal Wolin says the staff of the new Federal Insurance Office has already begun work and served an “important consultative role” in advising on several issues related to the new Dodd-Frank financial services reform law.