A Skyscraper is insured with three different companies with the amounts of coverage as  follows for property damages. 

Equitable: $800,000

Famous: $1,000,000

Carrying: $1,600,000

 Assume the Skyscraper suffer damages estimated at $600,000 due to fire in the basement. Determine the responsibility of each insurer. 

An airline company has three liability insurance policies in the following amounts:

Insurer A: $2,000,000

Insurer B: $3,000,000 

Insurer C: $6,000,000 

Case 1: the airliner is sued and is found liable for $3,000,000. Determine each insurer's share of the damages. 

Case 2: The airline company was found liable for $7,500,000 instead. Determine each insurance company's share of the claim. 

Question 2

 

(6 points) You have a property insurance policy that is subject to 90% coinsurance clause. The value of property is currently $400,000. The property is insured for 320,000. If the property suffers a loss equals to $120,000, how much will the insurance company?