-RST Company has production facilities in Salt Lake City and Cleveland. The probability that in any given year a fire will damage the production facility in Salt Lake City is 5 percent. The probability that in any given year a fire will damage the Cleveland production facility is 4 percent. What is the probability that BOTHproduction facilities will be damaged by fire in any given year?

-RST Company has production facilities in Salt Lake City and Cleveland. The probability that in any given year a fire will damage the production facility in Salt Lake City is 5 percent. The probability that in any given year a fire will damage the Cleveland production facility is 4 percent. What is the probability that AT LEAST ONE of the production facilities will be damaged by fire in any given year?

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Riffa Insurance Company has a surplus share treaty with Trust Re. Riffa Insurance has a retention limit of $250,000 and four lines of insurance are ceded to Trust Re.

What is the single maximum anoutn of insurance that can be written by Riffa Insurance on a single building?

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Riffa Insurance Company has a surplus share treaty with Trust Re. Riffa Insurance has a retention limit of $250,000 and four lines of insurance are ceded to Trust Re.

How much will Trust Re pay if a $1,000,000 building insured by Riffa Insurance suffers a $500,000 loss?