George Floyd News

Property Damage from Unrest in Minneapolis: $55M and Rising

The city of Minneapolis says the looting and property damage that following the death of George Floyd in police custody has caused least $55 million in destruction so far. Vandals damaged or set fire to at least 220 buildings, but …

Does Invoking the ‘Insurrection Act of 1807’ Affect Property Coverage?

Rocks being thrown by President Trump are causing major ripples in the insurance pond. His declaration that Antifa would be labeled a terrorist organization raised questions regarding whether coverage would be excluded, limited, or provided by the various terrorism endorsements. …

Businesses Hurt First by Coronavirus Then by Looting Have New Insurance Questions

Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II and has been able to keep workers on the job during the coronavirus pandemic. But this past weekend delivered a …

Did Debate Over Business Income Insurance Just Get More Complicated?

As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities following the death of George …

Riots in Wake of Floyd’s Death Could Become Most Costly Civil Disorder for Insurers

Rioting that erupted in cities across the country after peaceful protests mourning the death of George Floyd in Minneapolis may rival the 1992 Los Angeles riots to become the most costly civil disorder for insurers in United States history. The …

Mayor Takes Heat for Response as Minneapolis Burns

First-term Minneapolis Mayor Jacob Frey appeared to be doing everything right. He worked with the city’s booming business community and the City Council. He reached out to minority neighborhoods and advocated for affordable housing. He implemented stricter disciplinary measures against …

Fires Set and Stores Damaged in Philadelphia, Pittsburgh Protests

Thousands of people gathered in Philadelphia and Pittsburgh on Saturday to protest the death in Minneapolis of George Floyd, but the peaceful demonstrations later turned violent with police cars set ablaze and protesters smashing store windows and journalists attacked. Both …

Chaos and Destruction as New York City Protest Turns Violent

An initially peaceful demonstration in New York City over the death of George Floyd, a black man killed by police in Minnesota, spiraled into chaos as night fell Friday, as protesters skirmished with police officers, destroyed police vehicles and set …