TheHartfordcourt further recognized that a primary insurer's duty to act reasonably extends to an excess insurer as subrogee
of the insured.
The Hartford court further recognized that a primary insurer's duty to act reasonably extends to an excess insurer as subrogee
of the insured.
Where the prime contractor's insurer satisfied the contractor's obligations under the construction contracts, it became a subrogee
of the prime contractor and could enforce a performance bond of a subcontractor which remained bound to the subcontract, as there was no material enlargement of performance obligations.
Travelers, as subrogee
, then requested that Lessard indemnify Travelers for the outstanding attorneys' fees and costs, based on a January 25, 2011 Architect's Agreement.
Lexington National Insurance Company, as subrogee
for American Campus Communities vs.
The term "creditor" includes a creditor's assignee, transferee, or subrogee
who so participates.
The claims examiner further stated that the entire $25,000 had been exhausted in the following pro rata manner: $17,399.95 to Nationwide as subrogee
of Stanczuk for property damage to the Stanczuk vehicle; $729.89 to Stanczuk for loss of use/rental reimbursement; and $6,870.16 to New South Insurance Company as subrogee
of the Parouleks for property damage to their vehicles.
, which is substituted in the place of the insured, has no
Here, however, defendant Hanover Insurance Company is Luz Herrera's no-fault insurer, not the wrongdoer " She added, "While purporting to sue as the subrogee
of Herrera, as its insured, Aetna is actually suing to recover for its own losses due to incorrect billing, rather than Herrera's losses." Judge Stein's opinion was joined by Associate Judge Michael Garcia.
A contractual subrogee
is a stranger to a wrong who pays the victim for the victim's injury and then gains the right to receive repayment from the defendant based on the victim's rights, often by enforcing those rights.
In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, STI said it was enforcing its rights as creditor and subrogee
of Banco de Oro (BDO) to the P223million debt of PWU and as a consequence of the alleged default of PWU and Unlad Resources Development Corp.
Genesco subsequently sued Visa as the banks' assignee and subrogee
for recovery of the fines and assessments, asserting claims of breach of contract and implied covenants of good faith and fair dealing, unjust enrichment, restitution, and violation of California's Unfair Competition Act.