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GuideOne Insurance Company et al. v. PICC Property and Casualty Company Ltd. Shenzhen Branch et al.
Case Number:
4:23-cv-00493
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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September 09, 2024
Chinese Reinsurers Can't Exit Reimbursement Suit Yet
Two property insurers properly served Chinese reinsurers with their suit alleging that they owe more than $43 million in unpaid reinsurance claims, an Iowa federal court ruled, rejecting the reinsurers' argument that under the Hague Convention the insurers had to instead serve their suit via China's central authority.
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May 24, 2024
Chinese Reinsurer Seeks Exit From Reimbursement Suit
A Chinese reinsurance company urged an Iowa federal court Friday to toss an insurer's suit seeking reimbursement for property insurance coverage claims it paid out, saying the court lacks jurisdiction because the company was not properly served.
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December 07, 2023
Carrier Says Reinsurer Failed To Reimburse Claims It Paid Out
An Iowa-based insurer took a Chinese reinsurance company to federal court after it "serially breached" its obligations to reimburse property insurance coverage claims paid to insured companies in energy, mining and other industries.