14 insurers to pay N9.7bn #EndSARS riot claims

28 Dec 14 insurers to pay N9.7bn #EndSARS riot claims

Some 14 insurance companies may have to pay about N9.7bn claims to customers that suffered losses in the #EndSARS protests in the country in October.

The Director-General, Nigerian Insurers Association, Mrs Yetunde Ilori, has confirmed that the insurance companies are responding to the claims of their customers. She said the association was already collating the claims from the losses.

Weeks after the saga, some insured customers who suffered losses had been paid their claims while other reported losses were still being investigated.

According to a PUNCH report, a total of 1,036 individuals and corporates that recorded losses during the recent #EndSARS protests across the country have lodged claims through 14 insurance companies; 667 of the claimants are from Lagos.

Giving details of the collated figures, Ilori said, “As of Saturday, only 14 insurance companies have given us information.

“The total loss that people have lodged through the companies is N9.7bn. There are companies with higher claims who carried majority of the claims.

“About 1,036 claims have been lodged across the country with most of them coming from Lagos which is 667.

“About N7bn reserves was prepared by the 14 insurance companies to settle the claims.”