Delivery Service purchased a commercial umbrella policy with a $10 million liability limit and a $100,000 self-insured retention. The umbrella insurer required Delivery Service to carry a $1 million per-occurrence limit on its general liability policy and a $1 million per occurrence limit on its business auto policy. A Delivery Service driver was intoxicated while driving a company van and killed another motorist. The court ruled that
Delivery Service must pay damages in the amount of $5 million. How much, if any, of this amount will the umbrella insurer pay? Explain your answer.