The tidal wave of arson, vandalism, and other property crimes that swept across the nation in the aftermath of the Floyd killing left between $1 billion and $2 billion in damages
by RT
Info Wars
The property destruction from the riots that followed Minneapolis police’s killing of George Floyd was the worst in the history of insurance, with claims costing insurers up to $2 billion, according to an industry group’s report.
The tidal wave of arson, vandalism, and other property crimes that swept across the nation in the aftermath of the Floyd killing left between $1 billion and $2 billion in damages, as measured by insurance claims paid out by the industry, a report released Wednesday by the Insurance Information Institute (III) has revealed.
While that figure represents only the damage done between May 26 and June 8 – meaning the real figure taking into account the destruction in cities like Portland and Kenosha is likely much higher – it still represents the worst riot damage in insurance industry history, according to the report. Previously, only natural disasters like hurricanes and floods had resulted in over $1 billion in damage claims.