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.
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.
Members of the House Financial Services Committee expressed concern aboutan array of issues regarding the burgeoning digital lending space, from data securityto consumer protection.