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Problem 9: Herky Hawk Corporation (HHC) has the following set of policies. 1) Auto liability: $2m excess coverage above a $300,000 SIR per occurrence 2)

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Problem 9: Herky Hawk Corporation (HHC) has the following set of policies. 1) Auto liability: $2m excess coverage above a $300,000 SIR per occurrence 2) General liability: $5m excess coverage above a $1m SIR per occurrence 3) Umbrella: $4m of coverage per occurrence, in excess of the liability limits on the other two policies Explain how a $3m auto liability loss and a $8.5m general liability loss are split up between HHC and the three different policies

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