AL AaBbCcDdEe AaBbc Aav AP EEVEE ve A E l Aalb code AaBbCcD No Spacing Heading 1 Normal Header av C. Case Study Questions (15 points) 1. Westleyville Mutual Insurance Company has an aggregate Excess of Loss Per Occurrence Catastrophic Reinsurance Treaty with Poseidon Reinsurance Company for $5,000,000. The treaty will pay after an occurrence reaches $2,000,000. a. There is a windstorm that rips through Erie County that causes claims of $1,500,000. For Westleyville Mutual: 1) How much will Westleyville Mutual have to pay? 2) How much will Poseidon Reinsurance pay? b. A tornado causes severe damage to homes in Union City. Westleyville Mutual's loss total $5,000,000.00: 1) How much will Westleyville have to pay for this loss? 2) How much will Poseidon have to pay?_ 51 Page 2. Westleyville Mutual's top agent wants to insure a free-fall bungle jumping operation. In order to accommodate the wishes of this agent, they purchase a Pro-Rate Facultative Reinsurance Insurance Policy/Agreement from Wegotya Reinsurance Company. The reinsurance limit is $2,000,000 with the primary insurer paying 20% and the reinsurer paying 80%. a. A bungie jumper plunges to his death because the end of the bungie was not tied down. The attorney for the goofball's estate is suing for $1,000,000.00 1) How much will Westleyville have to pay for this loss?_ 2) How much will Wegotya have to pay