Property and Casualty Insurers Will Hold Assets of Shorter Maturities

Property and casualty insurers will hold assets of shorter maturities than life insurance companies because:

A) Shorter maturity assets usually have higher returns
B) Life insurance companies may find they need to get liquid unexpectedly
C) Property and casualty insurers can find themselves needing to get liquid unexpectedly
D) Life insurance companies generally take on more risk than property and casualty companies