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Delivery Service purchased a commercial umbrella policy with a $10 million liability limit and a $100,000 self-insured retention. The umbrella insurer required Delivery Service to carry a $1 million per-occurrence limit on its general liability policy and a $1 million peroccurrence limit on its business auto policy. A Delivery Service driver was intoxicated while driving a company van and killed another motorist. The court ruled that Delivery Service must pay damages in the amount of $5 million. How much, if any, of this amount will the umbrella insurer pay? Explain your answer.
A surgeon is insured under a physicians, surgeons, and dentists professional liability policy. Explain whether the following situations are covered by the professional liabi
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Suppose that in our National Geographic example, half of the original cost of the rotogravure printing press is fixed and half is sunk. How low can the offered price go befo
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