'Las Vegas massacre costs insurance billions'

las vegas - The bloody shooting at a Las Vegas music festival early last month can cost insurance companies a billion. That has calculated insurance experts.

The 64-year-old Stephen Paddock man killed for five minutes in a hotel room for 58 minutes and injured nearly five hundred. Then he put an end to his life.

There have now been various legal proceedings brought by relatives and survivors. The concert promoter and the hotel are accused of not doing enough to protect people during the music festival.