BUILDERS TRANSPORT, INC. v. STATE

No. 86-1357.

421 N.W.2d 539 (1988)

BUILDERS TRANSPORT, INC., Appellant, v. STATE of Iowa, Appellee.

Supreme Court of Iowa.

April 13, 1988.


Attorney(s) appearing for the Case

Deborah Tharnish Craig, Des Moines, for appellant.

Thomas J. Miller, Atty. Gen., and Craig Kelinson, Sp. Asst. Atty. Gen., for appellee.

Considered by LARSON, P.J., and SCHULTZ, CARTER, LAVORATO, and NEUMAN, JJ.


LARSON, Presiding Justice.

Builders Transport, Inc., a trucking company based in Alabama, was insured by Carriers Insurance Company of Des Moines. Carriers ran into financial difficulty, and in November 1985, it was placed into "rehabilitation," a period of supervision by the Iowa insurance commissioner. In January 1986, Carriers was ordered liquidated.

In June 1986, Builders sued the State of Iowa under Iowa Code chapter 25A (1985) for losses it claims were...

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