Find the amount paid by each of the multiple carriers.
-The London Coat Company had an insured fire loss of $167,000. It had insurance coverage as follows: Company A, $500,000; Company B, $350,000; and Company C, $150,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.
A) $91,850, $54,275, $20,875
B) $87,675, $50,100, $29,225
C) $79,325, $54,275, $33,400
D) $83,500, $58,450, $25,050
Correct Answer:
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