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

Attorneys for the medical professionals named as policyholders on the insurance argued that the money should go to their clients.

Part 2 of 2: Some state insurance departments are adopting emergency rules that impact insurance coverage.

Insurers should expect increasing pressure to go beyond risk assessment and reporting by taking a more proactive role in reducing carbon emissions.

Insurance companies are tightening underwriting standards to overcome the evolving challenges of insuring cyber risks.

Take a deep dive into the best practices established by New York State's cyber insurance framework.

The guidelines outline best practices for P&C insurers to strengthen risk strategies and protect against a growing threat.

Regulators are expected to move the industry to create new insurance products to mitigate the risks from climate change, while also increasing scrutiny.