Ethical Denim Council backs mill against insurers

NEW YORK – The Ethical Denim Council (EDC) nonprofit, which was set up to resolve supply chain disputes between suppliers and buyers, has found an insurance company guilty of unethical behaviour.

EDC issued its formal finding against London-based underwriting agency EFT Capital after it failed to honour an insurance claim from a supplier, named only as John Denim, and refused to participate in arbitration proceedings.