I’m looking for distinct differences in Property/Casualty Insurance and Personal Auto insurance.
Im analyzing various insurance companies and their respective loss, expense, and combined ratios and came across numbers for property/casualty and personal auto. I’m having a hard time finding distinct differences in the two. The way I’m interpreting this is that P&C is a broad term that encompasses Personal Auto as well as things like homeowners, renters, condo insurance. Does P&C incorporate most product lines of an insurance company (aside from life/health/medical) while Personal Auto, Homeowners, etc are subsets of that?