In Revised Ruling, Illinois Panel Reverses, Finds Insurer Entitled To Subrogation

(October 24, 2023, 1:57 PM EDT) -- CHICAGO — An Illinois appellate panel on Oct. 24 reversed a lower court’s grant of summary judgment to an engineering firm in a builders risk insurer’s suit seeking subrogation damages for the flooding of a building under construction, finding that the trial court erred in finding that the insurer does not meet the prerequisites for equitable subrogation because the insurer’s right to subrogate stemmed from the insurance contract....