Insurers Sue PICC in Iowa Federal Court Over Refusal to Pay Reinsurance Claims
January 3, 2024
DOCUMENTS
- Complaint
DES MOINES, Iowa — Two insurers have sued PICC Property and Casualty Co. in Iowa federal court, accusing it of breaching several facultative reinsurance agreements by refusing to pay claims filed under the contract.
In a Dec. 6 complaint filed in the U.S. District Court for the Southern District of Iowa, GuideOne Insurance Co. and GuideOne National Insurance Co. say PICC has failed or declined to pay certain reinsurance claims, including those related to losses the insurers paid under policies issued to “several large domestic and multinational” corporations.
In October 2020, GuideOne affiliate Career General Agency LLC (CGA) and PICC …
FIRM NAMES
- Brown Winick Graves Gross & Baskerville
- Choate Hall & Stewart
UPCOMING CONFERENCES
![](https://harrismartin.s3.amazonaws.com/media/CACHE/images/uploads/conferences/iStock-1191161494_wqZG9UX/0b903ab949806641ed5433861fdab9cd.jpg)
HarrisMartin's Data Breach Litigation Conference
September 25, 2024 - Nashville, TN
Hutton Hotel in Lyric Ballroom C
![](https://harrismartin.s3.amazonaws.com/media/CACHE/images/uploads/conferences/iStock-115753557_fLooJhx/ebadaa70c9ae4eba2f27c08bcd68c09c.jpg)
HarrisMartin's Midwest Asbestos Litigation Conference
September 27, 2024 - St. Louis, MO
Four Seasons Hotel, St. Louis