Baltimore officials unanimously finalize $3.5M settlement with business owners related to Freddie Gray unrest, despite concerns [Baltimore Sun] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 20, 2022 Newswires
Share
Share
Post
Email

Baltimore officials unanimously finalize $3.5M settlement with business owners related to Freddie Gray unrest, despite concerns [Baltimore Sun]

Baltimore Sun (MD)

The Baltimore Board of Estimates on Wednesday unanimously approved a $3.5 million settlement with 68 current and former business owners whose properties were damaged during the 2015 unrest following Freddie Gray’s death in police custody.

Approving the settlement was largely a formality after the plaintiffs’ attorney, Peter Hwang, and a city spokesperson said in March the two sides had reached an agreement. The board of estimates has to approve every settlement the city agrees to.

Despite the unanimous vote, City Council President Nick Mosby expressed concerns about the agreement, saying many of the businesses weren’t aesthetically pleasing before the unrest and are still in disrepair. Mosby wanted a requirement in the settlement that the money go toward fixing up the properties and beautifying them, saying most of them are an “eyesore.”

“Many of the establishments had major issues of structural issues, not having windows, things being boarded up, just being not being quality assets in the community,” Mosby said.

The settlement does not dictate how the money must be spent.

More than 380 businesses, mostly in West Baltimore, were damaged or destroyed, and property losses were estimated at nearly $13 million. The $3.5 million is half of the documented damages the plaintiffs originally sought.

City Comptroller Bill Henry expressed his own concerns about the settlement, saying some business owners might be collecting this cash in addition to insurance payments for the destroyed buildings.

“Hopefully most of the claimants are good actors in this,” Henry said.

The plaintiffs, through their attorney, said the lawsuit against the city gave them a chance to have their voices heard. They originally sued the city in 2017, claiming officials failed to prevent the unrest that erupted after Gray’s death in April 2015, despite warnings the city would experience violence.

Korean Grocers Association President Mario Chang was not a plaintiff in the lawsuit but knows many of them, he said. He said a lot of people whose businesses were damaged opted to leave town altogether, having lost too much. The settlement does some good at repairing that damage, he said.

“I guess it was good overall that something came out of it, but it always could have been better,” Chang said. “A lot of bad happened during that time.”

©2022 Baltimore Sun. Visit baltimoresun.com. Distributed by Tribune Content Agency, LLC.

Older

Is The Economy Making The Fed An Offer It Can’t Refuse?

Newer

Grant helps HealthFinders expand mental health services

Advisor News

  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
  • Gen X and millennials seek new retirement model
  • Are families ready for the costs of aging at home?
More Advisor News

Annuity News

  • A client remarried: Does their annuity still fit?
  • Gen X and millennials seek new retirement model
  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
More Annuity News

Health/Employee Benefits News

  • NABIP urges Congress to address underlying healthcare costs
  • Understanding health insurance: What fraud, waste, and abuse mean for your healthcare
  • Fairview sues UnitedHealthcare over 2027 Medicare plan info
  • Women can face challenges in obtaining LTCi
  • Health affordability task force considers utility model
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Life insurance applications rise 15.2% in September, MIB reports
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • What ‘above and beyond’ means for today’s advisor
  • AM Best Maintains Stable Outlook on Indonesia’s Non-Life Insurance Segment
  • Owings Mills insurance agent pleads guilty to stealing more than $100,000 in life insurance commissions
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.