Subrogation is the process by which your insurance company seeks financial reimbursement for claims it paid out but wasn’t financially responsible for. For example, if you were in a car accident but ...
The Supreme Court of Pennsylvania ruled on January 21 that Erie Insurance Exchange cannot use its subrogation rights to ...
The volume and size of insurer payments under R&W insurance policies are increasing. According to a May 2023 Aon study, the average R&W insurance claim payment to Aon clients in 2022 was $9 million, ...
In United States Automatic Sprinkler Corporation v. Erie Insurance Exchange, et al., No. 2SS-CT-264, 2023 Ind. LEXIS 105, the Supreme Court of Indiana (Supreme Court) reversed an order of the trial ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. When car accidents happen, the ...
An insurance agreement may include an obligation of the insured to assign the insured’s claim against a party at fault to the insurer, who may then collect on the claim on the insured’s behalf, i.e., ...
In a case of first impression, the state Supreme Court has ruled car insurers can prorate an insured's deductible when recouping expenses through subrogation from a third party at fault. In a case of ...
2023 SEP 12 (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 ...
Discover how conventional subrogation allows insurers to recover damages from third parties, facilitating quick settlements ...
CLEARWATER, Fla.--(BUSINESS WIRE)--WLT Software, a leader in custom benefits and claims administration software, today announced that it will offer Intellivo’s subrogation services to WLT’s clients.
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 ...
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