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Find the amount paid by each of the multiple carriers

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Question - Find the amount paid by each of the multiple carriers.

The Robins Furniture Company had an insured fire loss of $197,000. It had insurance coverage as follows: Company A, $475,000; Company B, $325,000; and Company C, $175,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

Reference no: EM132713434

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