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“priority of recovery” “first dollar” “Missouri” “Mark Mullen” “Travelers Property Casualty Ins. Co. v. National Union” “last in first out” subrogation
Although issues between primary and excess carriers regarding who is entitled to what in a subrogation recovery do not arise often, when they do they can involve substantial sums and interesting issues. Last fall the United States Court of Appeals for the Eighth Circuit addressed such issues under Missouri law. The underlying case involved an...