Business
Business, 24.04.2020 17:05, julesR9814

Company XYZ has a liability policy with Insurer A with a $1 million policy limit. Company XYZ was found liable for a $700,000 judgment. Defense costs amounted to $400,000. Assuming the insurer's payments for defense costs are applied to REDUCE the policy limit, how much would Insurer A pay toward the $700,000 judgment?

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Company XYZ has a liability policy with Insurer A with a $1 million policy limit. Company XYZ was fo...

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