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The insured has CGL coverage with 2 insurers who provide primary insurance. The CGL provided by insurance A has a $200,000 limit. The CGL provided
The insured has CGL coverage with 2 insurers who provide primary insurance. The CGL provided by insurance A has a $200,000 limit. The CGL provided by insurer B has a $800,000 limit. How much will each insurer pay if contribution is by limits and the loss is $50,000? Assume no deductible applies.
a. insurer A: $12,000; insurer B: $37,500
b. insurer A: $10,000; insurer B: $40,000
c. $25,000 each
d. insurer A: $50,000; insurer B: 0
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