In 2015, a jury ruled that Deloitte & Touche LLP wasn’t liable in Florida’s biggest ever insurance-company collapse. The Florida Department of Financial Services did not prove its claims that Deloitte was negligent in its audits for three insurance companies that collapsed after a string of hurricanes hit the state in 2004 and 2005. The state was seeking up to $850 million in damages. Deloitte had maintained that the insurance companies’ collapses were caused by an unprecedented string of hurricanes, not by an audit failure.

Research this case to learn further details.

a. How was Deloitte allegedly connected to the damages in this case?

b. Why did the Florida Department of Financial Services decide to sue Deloitte?