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.

Insurance leaders were divided as to whether the industry's financial performance would continue to improve in the year ahead. Among the survey respondents, 57 percent expect 2005 to be more profitable than last year, as measured by the combined ratio, a percentage of each premium dollar spent on claims and expenses. The combined ratio for 2004 is estimated at 97.

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