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In 2015, a jury ruled that Deloitte & Touche LLP wasnt liable in Floridas biggest-ever insurance-company collapse. The Florida Department of Financial Services did not

In 2015, a jury ruled that Deloitte & Touche LLP wasnt liable in Floridas 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.

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

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

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