NU Online News Service, May 11, 11:45 a.m. EDT–The insurance industry should achieve profitability this year but is expected to slide back in 2006 as prices continue to soften, according to a Conning Research & Consulting Inc. report.

The Hartford, Conn.-based firm, a subsidiary of Swiss Re, released its “Property-Casualty Forecast & Analysis by Line of Insurance First Quarter 2005,” noting that results “are better than we had been predicting the previous quarter.”

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