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While nothing can replace the lives lost in this historic tragedy, there are valuable lessons to be learned across the construction industry to prevent future structural failures and loss of life in sea-side and coastal buildings across the country.

Southern Fidelity, which has 78,000 policies in Florida, had failed to secure reinsurance for the 2022 hurricane season.

The bills would allow for more state oversight so regulators can spot trends, analyze reasons and try to prevent the future failure of insurers.

Fraud adds 5%-10% to the total claims paid following a disaster, according to the NICB.

From underinsurance to inflation, these are some of the major challenges facing P&C insurers today and into the future.

Lighthouse told agents in February that it would stop writing new business in Florida, where it has around 27,000 policies.

Recently, many private insurers in the state have sought large rate increases and have dropped customers.

As legislators fail, insolvencies mount, capacity grows tighter, and agents' jobs get increasingly tougher in the Sunshine State.