subrogation

/ ˌsʌbrəˈɡeɪʃən /

noun

1. law the substitution of one person or thing for another, esp the placing of a surety who has paid the debt in the place of the creditor, entitling him to payment from the original debtor

Example Sentences

State officials say California has a stake in the trading of fire-related subrogation claims, which was previously reported by Bloomberg, because of the potential effect on the state’s wildfire fund.

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This practice is called subrogation, and the right to subrogation is important for insurers.

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But he and other practitioners of health care subrogation say it reduces health insurance costs, allowing lower premiums for all employees.

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Ms. Worters said your insurer may incur costs, even if you are not at fault, as a result of “subrogation,” or the process of seeking payment from the other driver’s insurer.

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But the case also has a significant impact on consumers, who are often fighting an uphill battle in these “subrogation and reimbursement” cases.

Read more on Washington Post