Losses due to George Floyd riots and looting to cost insurers over $1 billion, more than all the losses from riots and looting since 1965 combined

Walgreens among the first to report its losses from looters as Philly’s business insurance costs jump:

'Insurers have paid an estimated $1 billion in all for “riot” damages in local protests since 1965, according to Property Claims Services, an industry group. Insurers are bracing for new claims across the U.S. that they expect could total at least that much. Still, the group expects “manageable” losses compared to major hurricanes, which have cost tens of billions'.

After two decades in the US House Philly's Chaka Fattah to follow it up with one in the Big House

And with his co-conspirators pay over $600,000 in restitution to agencies they defrauded.

Story here.