The net underwriting loss reported for first-half 2022 was the worst in five years, said AM Best Associate Director David Blades and Associate Analyst Michael Vallario.

The state is dependent on Florida-focused specialist insurers, which are disproportionately dependent on reinsurance, said AM Best Senior Industry Analyst Christopher Graham and Senior Director, Industry Research & Public Relations Sridhar Manyem.

U.S. auto insurers' profit margins are being squeezed by inflationary pressure, supply chain challenges and costly repairs of technologically advanced autos, said AM Best Associate Director David Blades.

Frank Cesario, director, claims, insurance, LexisNexis Risk Solutions, said the rising number of total losses requires a greater focus on compressing the timeframe to make customers “whole faster and ensure we’re paying the right amount for the taxes and fees.”

Kip Kelley, CEO US, Aon Affinity, said successful programs are built on innovation, distribution, underwriting and administration. Kelley spoke with AM Best TV at Target Markets' 20th Annual Summit, held in Scottsdale, Arizona.

Claude LeBlanc, CEO, Ambac and Everspan Group, said the organization typically retains about 20% of the risk it writes. LeBlanc spoke with AM Best TV at Target Markets' 20th Annual Summit, held in Scottsdale, Arizona.

Ann McColgan, midcorp programs governance lead, Allianz Global Corp. and Specialty, said managing general agents that lack strong tech capabilities are being acquired by organizations that have those resources. McColgan spoke with AM Best TV at Target Markets' 20th Annual Summit in Scottsdale, Arizona.

David Halfpenny, senior vice president, Axis Capital, said the rebound for the travel, leisure and sports sectors is fueling coverage growth. Halfpenny spoke with AM Best TV at Target Markets' 20th Annual Summit, held in Scottsdale, Arizona.

Matt Sackett, CEO, Doxa Insurance Holdings, said the managing general agency sector is seeing strong growth, which is adding to the attractiveness and value of individual organizations. Sackett spoke with AM Best TV at Target Markets' 20th Annual Summit, held in Scottsdale, Arizona.

David Kaplan, vice president, captives and gig economy, Crum & Forster, said programs can find risk financing via alternative markets and captives.