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Three-quarters of executives surveyed at the Property/Casualty Insurance Joint Industry Forum in New York say the industry can expect an upswing in profitability in 2012.

Profits will improve in most P&C lines, according to the survey, with 63 percent saying there will be an improvement in Auto lines and 67 percent expecting an uptick in profits in Homeowners’ lines.

More than 70 percent of the nearly 250 surveyed respondents expect to see improvement in commercial lines, but the majority (55 percent) say not to look for any significant improvement in the Workers’ Compensation line.

The Insurance Information Institute (I.I.I.) survey was conducted at the forum on Jan. 10.

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