An investigative reporter for a major news outlet receives a subpoena for confidential source information. The reporter is insured under a Media Liability policy with $1m in applicable limits of insurance and a $25k deductible. In addition, the insurance policy contains coinsurance of 20% (payable by the reporter’s employer).

After retaining an outside legal firm to defend the matter, the reporter incurs $500k in attorney’s fees. Evaluate how reimbursement will work under the Media Liability policy. Show your work and note the order for reimbursement as well.

Answer rating: 100% (QA)

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