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Category > Business & Finance Posted 29 May 2017 My Price 5.00

Delta Insurance is a property insurer that entered into a surplus-share reinsurance treaty

Delta Insurance is a property insurer that entered into a surplus-share reinsurance treaty with Ever safe Re. Delta has a retention limit of $200,000 on any single building, and up to nine lines of insurance may be ceded to Ever safe Re. A building valued at $1,600,000 is insured with Delta. Shortly after the policy was issued, a severe windstorm caused a $800,000 loss to the building.

a. How much of the loss will Delta pay?

b. How much of the loss will Ever safe Re pay?

 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 11:05 AM My Price 5.00

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file 1496057499-Answer.docx preview (111 words )
D-----------elt-----------a I-----------nsu-----------ran-----------ce -----------is -----------a p-----------rop-----------ert-----------y i-----------nsu-----------rer----------- th-----------at -----------ent-----------ere-----------d i-----------nto----------- a -----------sur-----------plu-----------s-s-----------har-----------e r-----------ein-----------sur-----------anc-----------e t-----------rea-----------ty -----------wit-----------h E-----------ver----------- sa-----------fe -----------Re.----------- De-----------lta----------- ha-----------s a----------- re-----------ten-----------tio-----------n l-----------imi-----------t o-----------f $-----------200-----------,00-----------0 o-----------n a-----------ny -----------sin-----------gle----------- bu-----------ild-----------ing-----------, a-----------nd -----------up -----------to -----------nin-----------e l-----------ine-----------s o-----------f i-----------nsu-----------ran-----------ce -----------may----------- be----------- ce-----------ded----------- to----------- Ev-----------er -----------saf-----------e R-----------e. -----------A b-----------uil-----------din-----------g v-----------alu-----------ed -----------at -----------$1,-----------600-----------,00-----------0 i-----------s i-----------nsu-----------red----------- wi-----------th -----------Del-----------ta.----------- Sh-----------ort-----------ly -----------aft-----------er -----------the----------- po-----------lic-----------y w-----------as -----------iss-----------ued-----------, a----------- se-----------ver-----------e w-----------ind-----------sto-----------rm -----------cau-----------sed----------- a -----------$80-----------0,0-----------00 -----------los-----------s t-----------o t-----------he -----------bui-----------ldi-----------ng.----------- a-----------. H-----------ow -----------muc-----------h o-----------f t-----------he -----------los-----------s w-----------ill----------- De-----------lta----------- pa-----------y?
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