The ratings issue has come at a turbulent time in Florida's property-insurance market, as carriers have shed policies and sought large rate increases because of financial losses.

Although the judgment affects three insurers, only Lloyd's is required to pay for now. Baylor is appealing rulings involving the other companies.

State Farm aims to bolster the use of smart home technology in home insurance through the investment.

News from PCF Insurance Services, RT Specialty, Universal Casualty and more.

According to AAA's research, owners of small sedans and electric vehicles spend the least to operate their cars.

Complicating the matter is the fact that climate-fueled extreme weather can be hard to predict.

As Florida's property-insurance market has crumbled and home values have soared, many homeowners have been dropped by private insurers and cannot qualify for Citizens coverage because of the $700,000 cap.

The Hartford had argued the settlement allows the plaintiffs to circumvent its workers' compensation subrogation lien.