The concept of subrogation can be difficult for some to grasp. It involves looking at a loss with an entirely different lens to see what others may not when it comes to cause and origin for an event. Unless investigators
are aware that subrogation could play a role in a loss, they may remove critical
evidence or fail to preserve valuable product information.
With so many manufacturers contributing “parts” to create an entire
“product” these days, being aware of subrogation issues for a claim becomes
much more important. As more new adjusters come into the industry, training
on what to look for, how to preserve evidence and who should be notified take
on a new significance.
This month we take a look at the role of subrogation — how it benefits
insurers and policyholders, the importance of using subrogation principles on
a loss and the value of training staff members to recognize situations where
it applies. Having either in-house staff or trusted vendors who can assist in
the process can be the difference between recouping money for a loss or
not. Make sure to check out the Claims Subrogation Showcase to learn how
successful subrogation efforts are impacting insurers, as well as the feature on
practical tips for subrogation recovery.
One of our other features connects the dots between insurance fraud,
drug cartels and terrorism efforts. As fraud becomes more global, so does its
impact. Many of the drug and fraud rings operating in the U.S. have oversees
ties and the flow of money is being used to fund terror efforts in other
On a lighter note, our cover story looks at insuring classic cars. Yes, some of
them are probably nestled in a warm garage for the winter, but for those lucky
enough to live in a semi-tropical climate, it’s still warm enough to drive around
with the top down. As a pastime, collecting cars has grown exponentially over
the past few years and owners need to understand how their cars are valued
and what insurance will or won’t cover.
As many of us celebrate Thanksgiving in a few weeks, I just want to thank
you for your support of Claims — whether you’re a reader, a contributor or an
advertiser — we couldn’t continue to provide such an outstanding magazine
without your involvement.
I wish you and your families a time of great food, good football and a
chance to revel in the things that really matter in life.
Patricia L. Harman, Editor-in-Chief