Calamity Casualty Insurance Company, a primary insurer, has a surplus share treaty with Whitecherry Re, with a $500,000 retention. Calamity Casualty insured Bob's Bar & Grill for a limit of $2,000,000 and a premium of $1,000. Bob's Bar & Grill submitted a covered loss totaling $400,000. What amount of the loss will Whitecherry Re pay? Show calculations. (5 points)

Calamity Casualty Insurance Company, a primary insurer, has a $10,000,000 excess of $1,000,000 treaty with Whitecherry Re ($1,000,000 retention). Calamity Casualty insured Acme Engineering for a limit of $5,000,000 and a premium of $5,000. Acme submitted a covered loss totaling $2,000,000. What amount of the loss will Whitecherry Re pay? Show calculations. (5 points)