Calamity Casualty Insurance Company, a primary insurer, has a $10,000,000 excess of $1,000,000 treaty (i.e....
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Calamity Casualty Insurance Company, a primary insurer, has a $10,000,000 excess of $1,000,000 treaty (i.e. a $1,000,000 retention) with Whitecherry Re. Calamity Casualty insured Acme Engineering for a limit of $5,000,000 and a premium of $5,000. Acme submitted a covered loss totaling $800,000. What amount of the loss will Whitecherry Re pay? Show calculations.
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