Question: There is a Basic Perils insurance policy in the amount on an unprotected restaurant.The building has a value of $1,000,000. This risk is divided among

There is a Basic Perils insurance policy in the amount on an unprotected restaurant.The building has a value of $1,000,000. This risk is divided among three companies. There is a deductible, but that is not part of this problem. Company A carries $450,000 of the risk, while Company B carries $350,000, and Company C carries a limit of $100,000. There is an 80% co-insurance clause.How much will each company pay for a $500,000 fire loss?

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