How much will each insurer contribute toward this claim

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Reference no: EM132295131

Assume that a $300,000 liability claim is covered under two liability insurance contracts. Policy A has a $500,000 limit of liability for the claim, while Policy B has a $125,000 limit of liability. Both contracts provide for contribution by equal shares.

A. How much will each insurer contribute toward this claim?

B. If the claim were only $50,000 how much would each insurer pay?

Reference no: EM132295131

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