Supreme Court of Iowa November 21, 1990, 89-1465 (Principal Casualty Insurance Co. v. Norwood)

NEUMAN, Justice.

This appeal involves cross-motions for summary judgment in an action to declare the rights of parties competing for subro-gation proceeds. The question is whether Iowa Code chapter 668 (1989) authorizes an insured to retain a reasonable attorney fee out of subrogation proceeds claimed by an insurer when the recovery stems from settlement with, rather than verdict or judgment