Back

Aboitiz Shipping Corp. Vs. Insurance Co. of North America

ABOITIZ SHIPPING CORPORATION, Petitioner, versus INSURANCE COMPANY OF NORTH AMERICA, Respondent.

G.R. No. 168402 | 2008-08-06

D E C I S I O N


REYES, R.T., J.:

THE RIGHT of subrogation attaches upon payment by the insurer of the insurance claims by the assured. As subrogee, the insurer steps into the shoes of the assured and may exercise only those rights that the assured may have against the wrongdoer who caused the damage.

Before Us is a petition for review on certiorari of the Decision[1] of the Court of Appeals (CA) which reversed the Decision[2] of the Regional Trial Court (RTC). The CA ordered petitioner Aboitiz Shipping Corporation to pay the sum of P280,176.92 plus interest and attorney's fees in favor of respondent Insurance Company of North America...