Find the amount paid by each of the multiple carriers.The Hamilton Race Track had a fire loss of $207,000. They had insurance as follows: company A, company B, ; and company C, $50,000. Find the amount paid by each carrier. Assume the coinsurance requirement is met.

Question

A. A pays: $82,800
B pays: $82,800
C pays: $41,400
B. A pays: $103,500
B pays: $69,000
C pays: $34,500
C. A pays: $207,000
B pays: $0
C pays: $0
D. A pays: $165,600
B pays: $20,700
C pays: $20,700

Answer 1

Answer: D