looted News

South African Riots to Cost $1.7 Billion in Insurance Claims

JOHANNESBURG (AP) — The rioting that erupted in parts of South Africa in July over former President Jacob Zuma’s imprisonment caused damage worth $1.7 billion (25 billion rand), according to the state insurance company handling the claims. More than 300 …

South Africa’s State Insurer to Raise Cover for Unrest Following Riots

JOHANNESBURG — South Africa’s only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs following some of the worst unrest in decades, the head of the state-owned company told Reuters. More than 300 people …

Businesses Splurge on Insurance to Protect Against Post-Election Chaos

Retailers, pharmacies, liquor stores and other merchants across the United States are gobbling up insurance that protects buildings from damage caused by societal unrest, worried about possible street violence after the U.S. presidential election, insurers and brokers told Reuters. Many …