Oklahoma High Court Answers Certified Question Regarding Equitable Subrogation

OKLAHOMA CITY - In response to a certified question posed by the 10th Circuit U.S. Court of Appeals, the Oklahoma Supreme Court on July 2 found that a second-level excess insurer can assert a claim for equitable subrogation against a first-level excess insurer in a coverage dispute arising from flood damage (Steadfast Insurance Co. v. Agricultural Insurance Company, n/k/a Great American Assurance Co., No. 110562, Okla. Sup.; 2013 Okla. LEXIS 76).

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