Insurance to Cover Slim Jim Explosion?

Stephen Kersey — Fri, 19 Jun 2009 03:58:55 +0000

ConAgra Foods, the company that owns the North Carolina Slim Jim plant where there was a recent explosion, said that insurance will likely cover all related costs caused by the disaster. As a result, the company says that the explosion won’t have much of an impact on their financial reports.

In the Slim Jim explosion, there were 41 casualties — 38 injuries and three deaths. Multiple investigations into the disaster indicated that flammable gas released by a contractor likely caused the explosion.

In a filing with the SEC, ConAgra Foods had this to say: “The company maintains comprehensive property and general liability insurance policies with very significant loss limits that it believes will provide substantial and broad coverage for the currently foreseeable losses arising from this accident.”

ConAgra Foods is believed to have around 25,000 employees. The company, which primarily deals with packaged foods, is headquartered in Omaha, Nebraska and was founded in 1919.