T here are a lot of things that agents ought to know something about.
Subrogation stands fairly high on the list because it can have a big impact on your insureds' losses and renewal premiums. However, subrogation also stands near the top of the list of things that most agents are fuzzy about. The typical agent knows a little about it but isn't really clear on all those terms like contribution, indemnity, and subrogation, where insurers are adjusting who pays what to whom and when. And if you aren't clear on the difference between subrogation and assignment, don't worry. Your insureds' premiums are likely to increase if they have substantial losses paid by your carrier.