Subrogation:
Subrogation is a term describing the right held by most insurance carriers to legally pursue a third party that caused an insurance loss to an insured. This allows the insurance carrier to recover the amount of the claim it paid to the insured for the loss. [Investopedia]
Noted on a return envelope recently received. I should have taken a photo, I admit. I say admit because I think I suppose to be a bit nonsensical, when read literally.
