Why would propertycasualty insurers hold more short-term liquid assets to manage liquidity risk than life insurers hold?

Question:

Why would property–casualty insurers hold more short-term liquid assets to manage liquidity risk than life insurers hold? LO.1 

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: