Learn what a waiver of subrogation is, its various types in contracts like construction and leases, and why businesses might require it for reducing litigation risks.

Subrogation is the process by which your insurance company seeks financial reimbursement for claims it paid out but wasn’t financially responsible for. For example, if you were in a car accident but ...

Arbella Mutual Insurance Co. filed a subrogation lawsuit against Paccaar Inc., Gabrielli Kenworth of CT LLC and other defendants over a fire ignited in a truck allegedly due to mechanics' negligence.