Subrogation and Recoveries. All salvages, recoveries, payments and reversals or reductions of verdicts or judgments (net of the cost of obtaining such salvage, recovery, payment or reversal or reduction of a verdict or judgment) whether recovered, received or obtained prior or subsequent to a loss settlement under this Contract, including amounts recoverable under other reinsurance, shall be applied as if recovered, received or obtained prior to the aforesaid settlement and shall be deducted from the actual losses sustained to arrive at the amount of the Net Loss. Nothing in this Article shall be construed to mean losses are not recoverable until the Net Loss has been finally ascertained. CUMIS shall be subrogated, as respects any loss for which CUMIS shall actually pay or become liable, but only to the extent of the amount of payment by or the amount of liability to CUMIS, to all the rights of PIC against any person or other entity who may be legally responsible for damages as a result of said loss. Should PIC elect not to enforce such rights, CUMIS is hereby authorized and empowered to bring any appropriate action in the name of PIC or its policyholders, or otherwise to enforce such rights. CUMIS shall promptly remit to PIC the amount of any judgment awarded in such an action in excess of the amount of payment by, or the amount of liability to, CUMIS hereunder.
Subrogation and Recoveries. Claims Condition: Subrogation and Recoveries for this Fidelity Policy Section shall be replaced, or shall apply where absent, as follows;
Subrogation and Recoveries. If any payment is made under this Policy and there is available to the insurer any of the insured’s rights of recovery against any other party, then the insurer will maintain all such rights of recovery. The insured will do whatever is reasonably necessary to secure such rights and will not do anything after an incident or event giving rise to a claim or loss to prejudice such rights. If the insured has waived its right to subrogate against a third party through written agreement made before an incident or event giving rise to a claim or loss has occurred, then the insurer waive their rights to subrogation against such third party. Any recoveries will be applied first to subrogation expenses, second to loss paid by the insurer. Any additional amounts recovered will be paid to the named insured.
Subrogation and Recoveries. 1. In the event of any payment by the Company under the policy, the Company will be entitled to all of the Named Insured's rights of recovery against any person or entity. The Named Insured will execute and deliver instruments and papers and do whatever is necessary to secure such rights. The Named Insured will do nothing to interfere with such rights.
Subrogation and Recoveries. In the event that, in connection with any Reinsurance Liabilities covered by this Agreement, any recovery, by way of subrogation (indemnity or otherwise), is received by the Company, the Reinsurer will be paid or credited by the Company for amounts attributable to that reimbursement so obtained or recovery made. The Reinsurer shall be subrogated to the rights of the Company to any and all subrogation or other recoveries arising from the Covered Contracts to the extent of the Reinsurer's payments to the Company. In connection therewith, upon the Reinsurer’s request, the Company shall assign to the Reinsurer all reasonable rights of subrogation, recovery, indemnity, and other associated courses of action against all others to which the Reinsurer, as subrogee of the Company hereunder, may be entitled under the Covered Contracts and the Company shall reasonably cooperate with the Reinsurer's efforts in respect thereto.
Subrogation and Recoveries. 1. In the event of any payment under this Policy, the Insurer shall be subrogated to the extent of such payment to all the Insured’s rights of recovery. The Insured shall do everything necessary to secure and preserve such rights, including the execution of such documents as are necessary to enable the Insurer effectively to bring proceedings in the name of the Insured.
Subrogation and Recoveries. Following any payment under this Policy, Underwriters shall be subrogated to the extent of any payment made hereunder to all of the Insured’s rights of recovery against any person or other entity, and the Insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. Any recoveries will be distributed in the following order to the following parties:
Subrogation and Recoveries. Claims Condition G. (“Subrogation and Recoveries”) for this Policy Section shall be replaced as follows;
Subrogation and Recoveries. 1. If any payment is made by RSA to an Insured pursuant to this Policy in respect of any Loss:
