Can Insurance Companies Help Prevent Racist Police Brutality?
By Natasha Lamb, March 16, 2021
Protests admonishing the murders of George Floyd, Breonna Taylor, and Black Americans at the hands of police defined 2020, second only to the 100-year global pandemic. The moral imperative for police reform is clear, but investors are considering the financial imperative, as well. Thousands of police misconduct lawsuits are filed annually – which cost taxpayers over $300 million in 2019. But what about the private insurance companies that back these municipal police departments? How are they responding to the Black Lives Matter movement and calls for reform?
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