suing

Insurer Suing ABC over BPI Settlement

Dan Beef, Industry News Release

AIG Specialty Insurance Co. is suing ABC News over its settlement with Beef Products Inc. regarding ABC’s “pink slime” reports. AIG Specialty Insurance is one of the insurers for ABC’s parent company, the Walk Disney Company. AIG is suing Disney over its insistence that its settlement with BPI, which cost Disney $177 million, after the amounts covered by insurance, is …

suing

ABC / Disney Settlement with BPI Worth More Than $177 Million

Dan Industry News Release

The settlement between Disney, the parent company of ABC News, and BPI, or Beef Products Inc, is worth more than $177 million. The terms of the settlement agreement are not disclosed. However, last week Disney disclosed a charge of $177 million, “net of committed insurance recoveries,” incurred in connection with the settlement of litigation, during a quarterly finance report. South …