Relative to life insurance companies, the liabilities of property and casualty insurance companies are

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The liabilities of property and casualty insurance companies are more unpredictable compared to life insurance companies, as they are exposed to unexpected events like natural disasters, accidents, and other types of claims. Life insurance companies have more predictable liabilities, as their policies are typically longer-term in nature and require more predictable payouts.

Relative to Life Insurance Companies, the Liabilities of Property and Casualty