Company A holds your primary insurance coverage and A is involved in a claim situation with B--whether an individual or company. Company A can pay for the claim or its responsible portion of the...
subrogation n. assuming the legal rights of a person for whom expenses or a debt has been paid. Typically, an insurance company which pays its insured client for injuries and losses then sues the...
This is an agreement that allows the insurer to recover the costs of your claim from the entity that you file against, usually an employer.
To be precise, as it applies to workers' compensation: A...