The Supreme Court of Pennsylvania ruled on January 21 that Erie Insurance Exchange cannot use its subrogation rights to ...

Discover how conventional subrogation allows insurers to recover damages from third parties, facilitating quick settlements ...

When an insurance company becomes insolvent, state liquidation statutes govern how the company’s remaining assets are distributed among claimants. Each state has a priority of distribution statute ...

HONOLULU (KHON2) — The Hawaii Supreme Court ruled today that insurance companies are barred from subrogation claims against the defendants in the $4 billion Global Settlement for victims of the ...

2023 MAR 02 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- State Farm Mutual Automobile Insurance Company (Bloomington, Illinois, United States) has been issued patent ...

An insurer generally acquires its insured’s rights against tortfeasors through subrogation. But what happens if the insured enters into a settlement and releases the responsible third party? Does the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Ebony Howard is a certified public ...

Thus, if Insurance company A owes Insurance company B $1,000 for a first subrogation claim, and Insurance company B owes Insurance company A $1,000 for a second subrogation claim, two payments may ...

The Supreme Court has revised the criteria for determining whether the Korea Workers' Compensation & Welfare Service (KCOMWEL) can claim reimbursement from equipment operators and owners in industrial ...