Subrogee

(n) Subrogee is the person or legal entity who assumes the legal right or clime by settling the clime of the third parties. Usually insurance companies act as subrogee by settling the climes against the insured they stand in the shoes of the insured and later recover what the insurer is legitimately eligible. For example when the car of the insured is dodged by high speed truck, the insurance company compensate the insured by paying the loss suffered to his car and the company clime damages from the truck owner and recover partly or fully the mount spend by them