Exam DISC-IA Practice Question 813
Study guide: Exam DISC-IA
A court enters a $2,000,000 bodily injury judgment against an insured whose CGL has a $1,000,000 each occurrence limit. The court also awards $160,000 of prejudgment interest, calculated on the full judgment. The insurer spent $70,000 on defense counsel and pays its limit immediately after the judgment, so no post-judgment interest is owed by it. How much does the insurer pay in total?
- A) $1,070,000
- B) $1,150,000
- C) $1,230,000
- D) $2,230,000
Answer this question and see the worked solution