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 ...

If a fire or flood destroys a high-net-worth client’s fine art collection, an insurer who pays out a claim related to the loss has an incentive to pursue subrogation. This article explores some of the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

Subrogation is a fundamental concept in insurance that allows an insurance company to step into the shoes of the insured after a loss and seek recovery from a third party that caused the damage.

In their Corporate Insurance Law column, Howard B. Epstein and Theodore A. Keyes discuss 'Millennium Holdings', a decision issued by the Court of Appeals which clarified that, except for rare ...

NEW YORK--(BUSINESS WIRE)--The National Association of Subrogation Professionals (NASP) has commissioned Accenture (NYSE:ACN) to conduct the association’s annual benchmarking research, which is ...

As example, “a” subrogation rule may comprise one or more subrogation rules, “an” insurance claim or “the” subrogation demand may comprise one or more insurance claims or subrogation demands, ...

SAN MATEO, Calif. & CHICAGO--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) and CCC Intelligent Solutions (CCC), a leading SaaS platform digitizing the P&C insurance economy, today announced that CCC’s new ...