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 ...
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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, ...
Discover how conventional subrogation allows insurers to recover damages from third parties, facilitating quick settlements ...
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 ...
SUNNYVALE, Calif., May 07, 2025--(BUSINESS WIRE)--CLARA Analytics ("CLARA"), a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today announced ...
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 ...
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Supreme Court bars subrogation for shared workplace risks
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 ...
In today's business world, not a day goes by without signing a contract, and it is imperative that the signatory understand the implications of every clause in the agreement. This includes 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 ...
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