Bankrupt GenCanna Says Insurers Owe After $10M Fire Loss

Law360 (August 31, 2020, 7:54 PM EDT) -- The bankrupt hemp company formerly known as GenCanna Global has sued a pair of insurers claiming they have failed to respond to a claim stemming from a fire that cost the company $10 million and drove it into insolvency.

GenCanna, which changed its name to OGGUSA Inc. after it sold the majority of its assets earlier this year, filed an adversary proceeding on Friday against insurers Talisman Casualty Insurance Co. and W.I.S.E. Underwriting Agency Ltd. about 10 months after an explosion and fire burned millions of dollars worth of GenCanna's raw hemp and products.

The company claims the insurers have had...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!