Multiple choice

Insurers under right of subrogation are allowed to recover the loss paid from:

  1. Shipping companies only

  2. Railways and road carriers only

  3. Airlines and Port Trusts only

  4. Shipping companies, railway, road carriers, airlines and port trusts
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

After settlement of claims, the insurers under subrogation rights applicable to insurance contracts, are entitled to the rights and remedies of the insured and to recover the loss paid from a third party, who may be responsible for the loss under respective applicable laws. Thus, insurers can recover the loss from shipping companies, railways, road carriers, airlines, port trust authorities etc.

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