Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday.
The number of claims has doubled compared with a July 3 estimate, France Assureurs said. Claims for commercial property account for 55% of the total value while claims for local government property account for 35%.
The nature of the claims is very different from that of the 2005 riots, when vehicle damage and fire accounted for 82% of claims, for a total cost of €204 million, the insurers federation added.
France Assureurs has asked its members to extend to 30 days the claims notification period generally set at five days in insurance contracts.
Photograph: A destroyed merchandise truck following protests in Les Flamants neighbourhood, near Marseille, France, on July 1, 2023. Photo credit: Clement Mahmoud/AFP/Getty Images
Related:
- French Insurers Say Cost of Riots Totals $305 Million, So Far
- Economic Cost of French Riots Could Top €1 Billion as Unrest Continues to Drop
Was this article valuable?
Here are more articles you may enjoy.
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
