Why do Insurance Companies Seek Subrogation?
Insurance companies see subrogation as a source of revenue. This revenue has become a necessity in recent years because premiums have been lowered because of market pressure. You should understand the basics of subrogation because subrogation clauses are common in most car insurance policies.
For various reasons unrelated to lawyering, I recently read a book called â€œTrain Your Mind, Change Your Brainâ€ by Sharon Begley. The book describes how the science of neuroplasticity reveals our extraordinary potential to transform ourselves. I am sharing with you portions of that book that struck me as profoundly related to us as lawyers in 1. the notion that we are not bound by our DNA; 2. the mindfulness that we need to be present in what we do; and 3. our job of finding the compassion in our jurors. I am not providing footnotes or citations to the studies mentioned in this article. Should you wish further exploration, I highly recommend the book.