Find the amount paid by each of the multiple carriers.
-The Baker Fur Company had an insured fire loss of $2,364,000. It had insurance coverage as follows: Company A, $2,000,000; Company B, $750,000; and Company C, $325,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

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The total insurance coverage is $2,000,000 (Company A) + $750,000 (Company B) + $325,000 (Company C) = $3,075,000. The loss is $2,364,000. Each company pays a proportion of the loss based on their share of the total coverage. Company A's share is $2,000,000 / $3,075,000, Company B's share is $750,000 / $3,075,000, and Company C's share is $325,000 / $3,075,000. Multiplying these shares by the total loss gives the amounts paid by each company: $1,537,560.98 (Company A), $576,585.37 (Company B), and $249,853.66 (Company C).

Find the Amount Paid by Each of the Multiple Carriers