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5. Company A has the following two layers of liability insurance policies: - CGL policy: each occurrence limit $1,000,000; general aggregate limit $2,000,000. - Umbrella
5. Company A has the following two layers of liability insurance policies: - CGL policy: each occurrence limit $1,000,000; general aggregate limit $2,000,000. - Umbrella policy: each occurrence limit $5,000,000; aggregate limit $80,000,000. Suppose during the policy period three separate liability losses occurred: $600,000,$1.100,000 and $1,100,000 (in the order). The umbrella policy will cover $
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