Most read stories for theweek include health insurance companies and co-ops deciding to encourage more insurersto sue the federal government, Florida's insurance regulator convening a publichearing on rate increases and the first story in a two-part series that offers insightinto the state of the depository investment banking industry.
1. Turning bronzeinto gold, part 1
Piper Jaffray Cos.and Stephens Inc., relativelynew entrants to depository investment banking, have learned firsthand just how competitivethe space is. This first article in a series examines the state of the depositoryinvestment banking industry.
2. Florida is lateststate to plan LTC hearing in response to large rate increase requests
Recent filings in a long-term care business line where rate increaseshave become commonplace serve as the trigger for another state insurance regulatorto convene a public hearing on the topic.
3. Insurers grapplewith reinvestment risk
If the Federal Reserve to raise interest rates, U.S. P&C and lifeinsurers will continue to face a in terms of investing,given their heavy exposure to fixed-income securities. Bonds made up roughly 68.1% of the P&C industry'sinvestments at the end of 2015, and the life industry's ratio was 76.1%, based onunaffiliated investments reported in the balance sheet section of statutory statements.
4. Healthinsurers, co-ops to meet in push for more lawsuits over ACA's risk adjustment program
Health insurance companies hit hard by the Affordable Care Act's risk adjustmentprogram will meet July 11, in a session designed, at least in part, to encouragemore insurers to sue the federal government.
5. Housecommittee weighs digital lender regulation
Members of the House Financial Services Committee expressed concern aboutan array of issues regarding the burgeoning digital lending space, from data securityto consumer protection.