Subrogation is a fundamental concept in insurance that allows an insurance company to step into the shoes of the insured after a loss and seek recovery from a third party that caused the damage.

The practice, which involves insurers seeking money from at-fault parties, has birthed a host of businesses and is often billed as a way to lower premiums. It’s not without controversy.

For example, a van owned by a plumbing or construction company in New York rear-ends a car. The car owner’s insurance carrier pays the injured party in the car personal injury protection and then ...

“Conventional systems and techniques for facilitating subrogation claim payments between two insurance companies may have numerous drawbacks. For instance, many unnecessary payments may be made ...