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Food Safety News

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AIG Specialty Insurance Company

Disney, AIG head into arbitration on ABC’s settlement with BPI

A federal judge has ordered AIG Specialty Insurance Co. into arbitration with The Walt Disney Co. in a dispute about a $25 million liability policy held by the ABC television network, which Disney owns. Disney wants to tap ABC’s  insurance to partially offset its payout to Dakota Dunes, SD-based Beef Products Inc. (BPI). The payout is part of an out-of-court… Continue Reading

AIG says ABC should have asked permission before reporting

Insurance firm sues Disney; says policy required network to get OK before using term 'pink slime'

AIG, the multinational insurance company, says its Chartis Specialty Insurance Co. sold the Disney Co. a policy for journalists at ABC Television that would only pay out if they were sued for malice and had obtained advanced permission about all the legalities involved from outside lawyers before anyone sued. It probably can be argued that… Continue Reading