Travelers Indemnity Co. v. Canal Insurance

Brailsford, Justice.

Under the medical payment coverage of an insurance policy issued to one Jack B. Sanders, The Travelers Indemnity Company made payments totaling $1,005.00 to occupants of the Sanders vehicle, who were injured in a collision with an automobile operated by one Furman Wilkes, Jr. Travelers notified Canal Insurance Company, Wilkes’ liability carrier, of its subrogation claim against Wilkes. Disregarding this notice, Canal compromised and settled the tort claims asserted against Wilkes by the injured persons and took from them a release purporting to discharge Wilkes from…