Question

4. For the three-part question that follows, provide your answer each part in the given workspace. Identify each part with a coordinating response. Be sure to clearly label each part of your response as Part A, Part B, and Part C. Cajun Catering Company experiences an insured loss of $850,000 while having insurance coverage beyond its coinsurance requirement. The insurance is divided among Company A with $500,000 coverage and Company B with $750,000 coverage. Part A: Determine the fractional coverage from Company A. Show your work. Part B: Determine the fractional coverage from Company B. Show your work. Part C: Determine the amount paid by each insurance company. Show your work.

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