Unless you’re in the risk business, you probably don’t hear the term ‘subrogation’ often. Subrogation is defined as satisfying someone else’s obligation and then attempting to collect from the party ...

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 ...

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.

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Investopedia / Jake Shi A waiver of subrogation is a contract ...

Because subrogation has historically been given a low priority, many insurance carriers have discovered missed opportunities regarding causation, spread of loss, delayed “extinguishments”, etc. Now, ...