Proactive Indemnity Corporation (PIC)
Consumer Alert regarding Proactive Indemnity Corporation (PIC).
Lloyd's has become aware, following a number of enquiries from US citizens, that documentation in relation to Contingent Automobile Liability coverage or Contingent Cargo Liability coverage issued by Proactive Indemnity Corporation (PIC) of Santa Monica Blvd, Los Angeles, California with a website address of www.contingentcargo.co purports that coverage has or can be underwritten at Lloyd’s.
Consumers should be warned that Lloyd's has not been able to identify any such coverage arranged with underwriters at Lloyd's. In addition PIC do not hold and have never held any authority from Lloyd’s to allow PIC to bind or accept insurance or issue insurance documentation on behalf of underwriters at Lloyd’s. Lloyd's is further advised that PIC is not licensed as a broker in the State of California. This matter has been reported to the authorities in both the UK and the US.
As a result of the above consumers should be aware that it may be unsafe to conduct business with Proactive Indemnity Corporation or to rely on this coverage and need to consider taking all necessary action to obtain replacement coverage, if required, as soon as possible.
Any party relying on this purported coverage is asked to contact Lloyd's in writing. Lloyd's contact details for this purpose are: Financial.Crime@lloyds.com and Lloyd's US contact details are: email@example.com