Learning Goal: I’m working on a risk management question and need an explanation and answer to help me learn.A company is insured under two CGL policies, both of which are considered primary insurance. The each occurrence limit under policy A is $ 500,000 and $2,000,000 under policy B. The company was held to be legally liable for $1,000,000 in damages arising from one occurrence. Under the contribution by equal shares method, how much would each insurer contribute to fulfill the claim?
If the other insurance condition does not permit contribution by equal shares but rather contribution by limits, how much would each insurer contribute to fulfill the claim?
Requirements: 2-3 sentences per question
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more