Time is money in the subrogation industry. And knowing the timeframes of when you can pursue recovery claims is an important first step in evaluating your case, including determining the scope of your early investigation. Whether you can or cannot bring a claim due to a pre-determined timeframe set by a specific statute is often the most critical first question to be considered in a subrogation case. Both sets of statutes, limitations and repose, address timeframes for filing lawsuits, but they operate differently and have unique considerations for recovery professionals. In this episode, regular hosts David Brisco (San Diego) and Joe Rich (Miami) are joined by Phil Berens (LA) to discuss the differences between Statutes of Limitations and Statutes of Repose and some key considerations to keep in mind when evaluating these timeframes.