Common use of Subrogation Clause Clause in Contracts

Subrogation Clause. When Underwriters settle a claim, they may pursue recovery rights against a carrier or third party who caused the loss or damage. The Assured agree that: • Underwriters may act in the Assured’s name in such recovery action; and • The Assured will give Underwriters reasonable assistance with such actions.

Subrogation Clause. When Underwriters settle a claim, they may pursue recovery rights against a carrier or third party who caused the loss or damage. The Assured agree that: •  Underwriters may act in the Assured’s name in such recovery action; and •  The Assured will give Underwriters reasonable assistance with such actions.