NEW YORK--While underwriting results have started to deteriorate, property-casualty insurers will still make about $28 billion in underwriting profits this year, the president of the Insurance Information Institute said.

Robert P. Hartwig, president of the New York-based I.I.I., shared the estimate with a group of over 100 area actuaries at a meeting of the Casualty Actuaries of Greater New York on Thursday.

The expected underwriting profit figure for 2007 is down from $31.7 billion in 2006, Mr. Hartwig said.

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