Insurance companies, self-insureds discover hidden assets to use as finance tool

Drawing parallels to a $50 billion financial market that has developed for sales of charged-off credit card receivables, some subrogation recovery experts see a hidden jewel among insurance company assets.

While what's glittering may not be evidence of a gold mine for every insurer or self-insured, capital additions as big as $50 million are in the works for some, according to Kevin Manion, chief financial officer of Subrogation Partners.

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