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 ...

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 ...

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, ...

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 ...

A homeowner or property owner (your client or customer) files a claim with their homeowners or property insurance for damage. The insurance company then comes after you, alleging it was a construction ...

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 ...

2023 MAR 02 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- State Farm Mutual Automobile Insurance Company (Bloomington, Illinois, United States) has been issued patent ...

The Supreme Court has revised the criteria for determining whether the Korea Workers' Compensation & Welfare Service (KCOMWEL) can claim reimbursement from equipment operators and owners in industrial ...

A hold harmless agreement releases a party from the consequences of another's actions. Learn how and when to use a hold harmless agreement in business.

2023 SEP 12 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- State Farm Mutual Automobile Insurance Company (Bloomington, Illinois, United States) has been issued patent ...