Boards are generally not obligated by a co-op or condominium's operative documents to purchase liability or casualty insurance covering those portions of the building which are owned by the entity.

“Don’t worry, we will get it back in subrogation.” These words are often heard in the insurance claims world to soften the blow of a significant settlement or judgment. They might be said to support ...

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 practice, which involves insurers seeking money from at-fault parties, has birthed a host of businesses and is often billed as a way to lower premiums. It’s not without controversy.

This is the fifth of six articles addressing climate change lawsuits in the context of (re)insurance. In previous articles in this series, we have discussed the litigation risks faced by liability ...

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 ...

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Insurance Recovery Group (IRG), a firm that has successfully recouped more than $1.5 billion dollars for insurers and large self-insureds, announces that it is ...

If left unchallenged, the judgment will have far-reaching consequences for the insurance industry, insurers will be required to plead and prove both subrogation and legal standing when enforcing their ...

"The Subrogation Definition" may sound like the title of an episode of "The Big Bang Theory," but it's a term that gives many insurers great relief. Here's a definition of subrogation, from West's ...

Chubb Limited is facing a federal lawsuit after moving to block a shareholder proposal asking whether the insurer should recover climate losses through subrogation.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...