subrogation

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subrogation

The substitution of one person for another with respect to legal rights such as a right of recovery; occurs when a third person, such as an insurance company, has paid a debt of another or claim against another and succeeds to all legal rights which the debtor or person against whom the claim was asserted may have against other persons.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
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Under either scenario, insurance law does not protect the insured: there is no duty on the part of an insurer--as subrogee--to settle its subrogor's claim in good faith.
Premium Fence & Construction, LLC as subrogor of Wesco Insurance Company vs.
rights and claims of the subrogor with respect to the loss or