Food Co., Insurers Hit Navy With $365M Flare Damage Suit

Law360, New York (December 20, 2011, 6:52 PM EST) -- Smithfield Foods Inc. and several insurers hit the U.S. Department of the Navy on Tuesday with a $365 million suit alleging a fire caused at a Smithfield facility by a Marine Corps reservist caused $326 million in damages.

The global food company, its subsidiaries and various insurers, including Allianz Global Risks US Insurance Co., Ace American Insurance Co. and Liberty Mutual Fire Insurance Co., allege in Wisconsin federal court that Joshua Popp, who took a flare from a Marine base where he was training, caused more...
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