subrogation News

The Societal Benefits of Subrogation

Subrogation is one of the oldest legal concepts in jurisprudence with roots that trace back to Roman law under the reign of Emperor Hadrian (A.D. 177–A.D. 138). First established in English common law with the Magna Carta in 1215 A.D., …

Minnesota High Court Rules Insurer Can Pursue Subrogation for Tenant Caused Property Damage

In a recent decision, the Minnesota high court found that insurers may have a right of recovery in claims involving tenant-caused property damage. RAM Mutual Insurance Co. sought to recover a payment it made to its insured, JD Property Management, …

From Trash to Treasure: Salvor Can Help to Manage Losses

When crises occur, one person the claims adjuster, insurer and insured should consider calling is a salvor — he or she can be a valuable partner in helping to clean up the trash, and broker the sale of any salvageable …

Patriot Recovery Spun-Off to Form Contego Services Group

Patriot Recovery Inc. has been spun-off to form Contego Services Group, LLC, announced Steven M. Mariano, founder & CEO of Patriot National Insurance Group, Inc., a provider of insurance and risk management services. Contego will assume all of Patriot Recovery’s …