Theta Ltd owned a widget worth $50 000. It purchased "full coverage" property insurance from Atlantic Insurance Co. It also bought "full coverage" property insurance from Pacific Insurance Co. The widget was destroyed by a fire. Theta Ltd received a $50 000 benefit from Atlantic Insurance Co. Atlantic Insurance Co has now sued Pacific Insurance Co. The best explanation for that action lies in the concept of
A) subrogation.
B) fidelity.
C) contribution.
D) co- insurance.
E) deductible.
Correct Answer:
Verified
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