Covers damage to or loss of policyholders' property and legal liability for damages caused to other people or their property. Property/casualty insurance, which includes auto, homeowners and commercial insurance, is one segment of the insurance industry. The other sector is life/health. Outside the United States, property/casualty insurance is referred to as nonlife or general insurance.

"Property/casualty Insurance" In Context

"and that ratio can differ from year to year. Coming up next week, we rank the largest property/casualty insurance agencies in the region."