After 33 years of practicing in an esoteric area of the law, it is time to explain what my career and the subrogation industry is all about. In order to give the appropriate picture, I really need to start at the beginning.
Confession #1
I have become comfortable with the idea that very few people have any idea what subrogation means, including many lawyers and judges. This leads me to the great elevator speech that my children could give on cue by the time they were eight years old: “If the furnace in your house malfunctions, explodes, and burns your house down, your insurance company pays to rebuild your house. It assumes any rights you have. Subrogation, the substitution of one's rights to another, enables the insurance company to make a claim against the manufacturer or installer of the furnace to recover the money the insurance company paid to re-build your house.”
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