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PIC Insurance is a property-casualty insurer that specializes in property insurance. It provides property insurance to large retail and residential property owners throughout the United States (U.S.). LIC Insurance is a property-casualty insurer that specializes in professional liability insurance. It provides insurance to many hospitals, doctors, dentists and pharmacists. Which one of the following best describes how LIC's asset portfolio should differ from PIC's asset portfolio? Select only one option:
A. LIC's portfolio should include more risk-free bonds backed by the U.S. government.
B. LIC's portfolio should include more short-term investments with high liquidity.
C. LIC's portfolio should include longer-term investments with the potential for higher returns.
D. LIC's portfolio should include stocks and bonds related to the medical industry, rather than mortgage-backed securities.

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