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Eastern NM Insurance Company entered into an excess-of-loss treaty reinsurance arrangement with Texas Re to...

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Eastern NM Insurance Company entered into an excess-of-loss treaty reinsurance arrangement with Texas Re to cover catastrophic hail losses occuring this year. Texas Re agrees to cover loss occurrences exceeding $5,000,000 but only to a maximum amount of $15,000,000. Shortly after the agreement was initiated an 100-year hail storm ocurred causing $17,000,000 of covered losses, Eastern NM Insurance Company will pay a total of $ while Texas Re will pay $ IMPORTANT: Your answers should be rounded to the nearest integer and should NOT include symbols ('$' or ')

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