Cajun Catering Company experiences an insured loss of $850,000 while having insurance coverage beyond its coinsurance requirement. The insurance is divided among Company A with $500,000 coverage and Company B with $750,000 coverage.

Part A: Determine the fractional coverage from Company A.
Part B: Determine the fractional coverage from Company B.
Part C: Determine the amount paid by each insurance company.

Answer rating: 100% (QA)

Here coinsurance requirement is not given Then assuming 100 ... View the full answer