New York Panel: Equitable Subrogation Applies In Retrocessional Insurer’s Case

(February 21, 2024, 2:07 PM EST) -- NEW YORK — Saying it had not previously addressed the issue, an appellate panel in New York ruled that a retrocessional insurer that paid a big chunk of the settlement in a personal injury case has standing to assert a legal malpractice claim as an equitable subrogee....