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An insurance company canceled Knudsen's policy.

July 23, 1986

Lumbermens Mutual Casualty Co., based in Long Grove, Ill., canceled its bonding coverage for the financially troubled Los Angeles dairy company, effective in mid-August, the state Department of Food and Agriculture reported. A department spokesman said that under state law, a dairy processor cannot operate unless it posts $20,000, either as a bond or in cash, for each milk plant. Knudsen operates nine plants. A Knudsen spokesman said the company believed that its policy expires Sept. 10 and that it is trying to get new insurance.

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