What subrogation clauses are doing is telling the insured that if the insured turns to his own policy for coverage when another party was responsible for the loss, that the policy will pay him for the loss, and then go against the responsible party to be reimbursed for the payment that was issued. Credit: MQ-Illustrations/Adobe Stock
Editor's note: The following article comes courtesy of PropertyCasualty360's sister site FC&S Expert Coverage Interpretation, and keeps with our Friday schedule of delivering articles covering the nitty-gritty details of P&C insurance, tips for professional development, articles looking at the industry's more niche concepts, and the history of certain lines and programs.
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Christine G. Barlow, CPCU
Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.
