What does PandC stand for in the insurance context?

In the insurance context, PandC refers to Property and Casualty. This term encompasses a broad range of insurance products that protect against various forms of loss or damage to property, as well as liability for accidents that may cause harm to others. Property insurance typically covers physical assets such as homes, cars, and personal belongings against risks like theft, fire, or natural disasters. Casualty insurance, on the other hand, often covers liability claims that arise from injuries or damages to third parties. Understanding this term is fundamental for anyone studying for a property and casualty insurance license, as it forms the basis of a significant portion of insurance policies and practices within the industry.