The soft market in property-casualty insurance is likely to continue indefinitely, according to a panel of property-casualty insurance executives.

The Maryland Insurance Administration is going to investigate if the Injured Workers Insurance Fund should pay premium taxes after the Towson, Md.-based workers’ compensation insurer’s attempt to convert to a nonprofit mutual insurance company failed.

The leadership of the Injured Workers Insurance Fund has indicated its support for a proposal to convert the insurer from a quasi-state agency to a nonprofit mutual insurance company.