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What is Subrogation and How Does it Work?

Bankers Insurance

Subrogation is more than just a fancy insurance term – it’s a right held by your insurance carrier under your policy that allows them to seek reimbursement from the party found responsible for the accident after they’ve paid a claim for a covered cause of loss. WHEN DOES SUBROGATION OCCUR?

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Emerging Property Insurance Trends 2024

Property Insurance Centre

Addressing the Discrepancy To address the discrepancy between outdated property valuations and current market conditions, insurance carriers are implementing measures to ensure that property values are assessed accurately. Social inflation and rising claim costs are top concerns for liability insurers.