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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Insurance company receivership question – subrogating claims?

Insurance company receivership question – subrogating claims?

If an insurance company (personal homeowners lines) is going to be in, or currently is in receivership, will they make try and subrogate against as many claims that they have paid out as they can?

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One Response to "Insurance company receivership question – subrogating claims?"

  1. mbrcatz says:
    Yes. They should have a subrogation department, and subrogation will continue.

    If/when the company is closed down, the open subrogation claims are actually an asset, and may be sold to a third party.

    Practically, if your subrogation doesn’t happen within six month of the claim, it’s probably not going to happen – and receivership usually takes 18 months or so to wind down the operations.

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