Insurance Law
| The Equitable Right of Subrogation |
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| Subrogation is an equitable right to seek recovery of losses paid by the plaintiff for another in an action against the party that caused the losses. In insurance law, subrogation refers to the right of the insurer to seek compensation for its payments to its insured by filing an action against the person that caused the damages to the insured. More... |
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| Aviation Insurance Pools |
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| Insurance pools have developed in response to the magnitude of potential losses from an occurrence involving aviation. Aviation insurance generally covers risks arising from the operation of aircraft and ground facilities for aircraft. A single occurrence involving aircraft or an airport could result in catastrophic exposure that would exceed the capacity of a single insurer and its reinsurers. More... |
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| Attaching an Insurance Application |
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| An applicant's completed application for insurance may be attached to a policy issued by an insurer to the applicant. If the application is attached, it is considered part of the policy. Some state statutes require attachment and a statement in the policy that the application is attached. More... |
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| No-Fault Automobile Insurance |
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| No-fault insurance provides coverage for an insured's injuries or damages up to the policy limit regardless of whether the insured or another driver was at fault. More... |
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| Captive Insurers |
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| A captive insurer is captive in the sense that it is owned and operated by the insured. There is a point at which it makes economic sense for a company to establish and operate its own insurer as part of the company's risk management program rather than pay premiums to independent insurers. More... |
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