Issuers of letters of credit under New York law have a powerful new enforcement tool to recover from a party that has been inequitably enriched at the expense of the issuer the right of subrogation ...

In Planet Bingo LLC v. The Burlington Ins. Co. (No. E074759, filed 3/18/2021, ord. certified for partial pub.), the Court of Appeal found a triable issue of fact existed as to whether a carrier is ...

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 ...

An insurer generally acquires its insured’s rights against tortfeasors through subrogation. But what happens if the insured enters into a settlement and releases the responsible third party? Does the ...

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.

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