Crompton Insurance has a $500,000 xs $100,000 property per risk excess of loss reinsurance treaty with PC Re. A hurricane passed through an area causing significant damage to 5 risks insured by Crompton Insurance, and covered by the reinsurance treaty. The losses were as follows: Insured 1 $120,000 Insured 2 $210,000 Insured 3 $300,000 Insured 4 $450,000 Insured 5 $650,000 How much will PC Re pay under the treaty? Available answer options Select only one option A $500,000 B $1,080,000 C $1,180,000 D $1,230,000