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10. Delta Insurance Company has a surplus-share treaty with Eversafe Reinsurance. Delta has a retention limit of $2,000,000, and nine lines of insurance are ceded

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10. Delta Insurance Company has a surplus-share treaty with Eversafe Reinsurance. Delta has a retention limit of $2,000,000, and nine lines of insurance are ceded to Eversafe. How much will Eversafe pay if a $18,000,000 building insured by Delta suffers a $900,000 loss? (6 marks) 11.ABC Company insured its building on a replacement cost basis for $600,000 under a property insurance policy that included an 80 percent coinsurance clause. The building had a replacement cost of $1,000,000 when it sustained a $16,000 loss. How much will ABC Company receive from its insurer, assuming no deductible applies

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