Subrogation gives which party the right to seek damages when a claim is settled?

Subrogation is a legal principle that allows an insurance company to pursue a third party that caused an insurance loss to the insured. When a claim is settled, the insurer compensates the insured party and then has the right to "step into the shoes" of the insured and seek damages from the responsible party. This process is intended to prevent the insured from receiving a double recovery and allows the insurance company to recover the costs it paid out for the loss.

In the context of the question, the title company represents the insurance company that has paid to settle a claim. Therefore, subrogation gives the title company the right to seek damages from any responsible party after they have settled the claim with the insured. This means that if the title company has compensated the insured for a loss related to property title issues, it can then seek compensation from the party that created the issue.

The other parties listed do not have the same standing under the principle of subrogation in this context. The insured party may have their claim settled, but it is the title company that has the authority to pursue further damages.