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Janson Corporation has a commercial general liability policy issued by ABC Insurance with a $1 million per occurrence limit and a $2 million aggregate limit.
Janson Corporation has a commercial general liability policy issued by ABC Insurance with a $1 million per occurrence limit and a $2 million aggregate limit. Janson also has an umbrella liability policy issued by XYZ Insurance that also has a $1 million per occurrence and $2 million aggregate limit. During the year, Janson had the following four liability claims: $700,000 $200,000 $900,000 $1,300,000 How much of Janson's losses will be paid by XYZ
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