Opinion ID: 1853335
Heading Depth: 2
Heading Rank: 7

Heading: Retained Limit

Text: The policies issued to Jostens by CNA provided for retained limits which must be deducted from the amount of indemnity. For the policy covering the period from November 8, 1971, to November 8, 1974 (1,096 days), the retained limit was $25,000. For the policy covering the period from November 8, 1974, to January 1, 1978 (1,150 days), the retained limit was $10,000. The policies covered a total of 2,246 days. The average retained limit during the entire period of the policy is [(1,096 X $25,000) + (1,150 X $10,000)]/2,246 = $17,319.68. We shall deduct this figure from Jostens' amount of recovery. In summary, we find that Jostens is solely responsible for pre- and post-policy damages amounting to $370,778.16. CNA must indemnify Jostens for the remaining amount of the class action settlement.