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A waiver of subrogation clause is important to include in a lease agreement and benefits both the landlord, tenant, and any other business relationship.
Here’s a typical scenario: a business truck is stopped at a light when it is hit in the rear. After handling the damages to the insured vehicle, the insurance company will then reach out to the other ...
Next, the Court took up the conflict between the subrogation waiver provision and the Assumption of Liability clause in the subcontract concluding that the general contractor had the better argument.
Commentary Waiving a Liability Insurer’s Right to Subrogation—Is It Appropriate? 8 minute read December 06, 2024 ...
Often, insurance companies hold a contractual right of subrogation. While they may initially pay out a claim on your behalf, if you sue and win — or they sue in your name and win, they may claw back ...
LEXIS 108 (March 17, 2022), the court granted the defendants’ motions for summary judgment, holding that the plaintiffs’ claims were barred by a waiver of subrogation provision in the ...
Judge Glen A. Huff dissented in a separate opinion. In April 2022, a Newport News jury awarded Michael Brown $286,000 against Timothy Kirkpatrick for damages arising out of a motor vehicle accident.
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