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 ...

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 ...

Ford is recalling 255,404 vehicles in the US over a canister purge valve defect. The fault may cause the engine to stall while driving, a pattern that carries direct relevance for auto insurers. The ...

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 ...

Two legal experts from Weltman, Weinberg & Reis tackled one of the most complex situations that auto finance companies and insurance providers might ever face. That’s when subrogation recovery ...

AI and Advanced Technology Help Carriers Assess Inbound Demands in Minutes and Efficiently Pay What They Owe When Settling Subrogation Claims “Reviewing inbound subrogation demand packages, some as ...

For example, a van owned by a plumbing or construction company in New York rear-ends a car. The car owner’s insurance carrier pays the injured party in the car personal injury protection and then ...

An increasingly common source of delay and confusion seems to be whether a contracting party will, or even can, waive its liability insurer’s subrogation rights against the other party, especially ...

What is subrogation? Why am I being asked to waive it? Should I care? To answer that last question, let’s take a quick run at the first two. What Is Subrogation? “Subrogation” refers to the act of one ...

When determining which insurer will fund a settlement or verdict in a construction related incident involving a "grave injury" governed by the New York Labor Law, commercial general liability (CGL) ...