Old Dominion Insurance is a property insurer that entered into a surplus share reinsurance treaty with Norfolk Reinsurance Inc, . Old Dominion Insurance has a retention limit of $ 250,000 on .any single building, and up to eight lines of insurance may be ceded to Norfolk Reinsurance Inc A building valued at $ 1, 900,000 is insured with Old Dominion Insurance. Shortly after the policy was issued, a severe windstorm caused a $ 1,000,000 loss to the building. flow much of the loss will Old Dominion Insurance? How much of the loss will Norfolk Reinsurance Inc? What is the maximum amount of insurance that Delta can write on a single building under the reinsurance agreement? Explain your answer. Mr. Trump owns a commercial office building that is insured under three property insurance contracts, f lessthanorequalto has S 3000,000 of insurance from Company A, $ 5000,000 from Company B, and S 3000,000 from Company C. a. Assume that the pro rata liability provision appears in each contract. If $ 4, 500,000 loss occurs, how much will Mr. Trump collect from each insurer? Explain your