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Insurance Leaders Expect Continued Investigations

Leaders of the property and casualty insurance industry expect that the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005.

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Leaders of the property and casualty insurance industry expect that the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey conducted by the Insurance Information Institute.

Of the executives polled at the annual Property/Casualty Insurance Joint Industry Forum, 92 percent are convinced that investigations will expand. Despite further probes, 67 percent thought that most companies would be able to settle charges against them this year.

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