Find the Amount Paid by Each of the Multiple Carriers

question 95

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Baker Fur Company had an insured fire loss of $2,364,000. It had insurance coverage as follows: Company A, $2,000,000; Company B, $750,000; and Company C, $325,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$1,537,560.98, $576,585.37, $249,853.66
• B)$1,569,593.50, $560,569.11, $233,837.40
• C)$1,601,626.02, $528,536.59, $233,837.40
• D)$1,441,463.41, $640,650.41, $281,886.18

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