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 ...

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, ...

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 ...

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 ...

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 ...

Erin Cleavenger, The Dominion Post, Morgantown, W.Va. Jun. 16—A lawsuit filed in Monongalia County Circuit Court aims to deny the City of Morgantown and Benefit Assistance Company, LLC any payment ...