Nigerian Insurers Face Record Claims as Protest Costs Mount
- Banks, retailers and hotels send notifications to insurers
- Industry recapitalization seen delayed by incoming claims
People look at burnout buses in Lagos on Oct. 24.
Photographer: Sunday Alamba/AP Photo
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Nigerian insurers are facing their biggest claims on record after protests against police brutality turned violent, leading to large-scale looting and destruction.