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.
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