In an action raising claims of negligence breach of contract, negligent misrepresentation, and subrogation brought by plaintiff-insurance company against defendant-administrator of excess insurance to workers' compensation program for the handling of a workers' compensation claim, judgment precluding claims by plaintiff against defendant is reversed in part and affirmed in part where: 1) defendant had a duty of care to plaintiff under the circumstances as pleaded; 2) plaintiff was a third party beneficiary of the contract; 3) plaintiff was subrogated to the Bank's rights against defendant; and 4) court did not err in dismissing the cause of action for negligent misrepresentation.