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The California Department of Insurance is passing legislation mandating premium discounts for customers who enact safety measures and technology may help validate those steps.

Many insurance companies have paused insuring in Florida until they have a better handle on their losses from the hurricane, says Joseph Gendelman, president and CEO of Bruce Gendelman Insurance Services.

S&P Global Ratings reported that the insurance industry should be able to manage insured losses.

Wednesday's order came amid widespread concerns about how the Category 4 Hurricane Ian will affect an already-troubled Florida insurance market.

Widespread, life-threatening catastrophic flooding was anticipated Wednesday across portions of central Florida.

If the hurricane continues to intensify, CoreLogic warns over 1 million Floridian homes could be at risk.

Demand is growing for more public disclosures about climate risks, especially for out-of-market buyers.

The case law on this topic is divergent, a trend that will likely continue with different courts applying different interpretations of insurance policies.