Saved Bookmarks
| 1. |
What is subrogation? |
| Answer» Subrogation is a legal concept that is particularly relevant to the insurance industry.\xa0Subrogation is a term denoting a legal right reserved by most insurance carriers. Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss. | |