It is easy to understand why regulatory compliance can be overlooked when it comes to subrogation procedures. A complex regulatory environment, coupled with subrogation rules that can differ dramatically from one state to another, means that insurers may face a number of challenges when deciding whether to subrogate. Even so, insurers can reduce loss by taking proactive steps ahead of time.
Missing a single regulatory change — even in one state — can lead to outdated internal subrogation processes. With the varying degree of requirements and a high potential for missed opportunities and costly mistakes, insurers must fully understand regulations so they can properly enter subrogation activities.
Lost in Translation?
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
