Chapais Wines maintains a employers' liability policy and commercial general liability policy with Farnham Insurance. The employers' liability policy limit is $1,000,000 The commercial general liability policy has a per occurrence limit of $1,000,000 and an aggregate limit of $2,000,000. Chapais Wines also maintain an umbrella liability policy with Magog Insurance that includes an aggregate limit of $1,000,000. Chapais Wines incurred the following claims from separate occurrences: 1. Employers liability claim for $1,300,000 2. General liability claim for $1,100,000 3. General liability claim for $1,500,000 4. General liability claim for $300,000 How much of Chapais Wines losses were retained and how much were paid by insurance? Group of answer choices Chapais Wines retained $300,000 and $3,900,000 was paid by insurance. Chapais Wines did not retain any losses and all $4,200,000 was paid by insurance. Chapais Wines retained $600,000 and $3,600,000 was paid by insurance. Chapais Wines retained $200,000 and $4,000,000 was paid by insurance