French Insurance Lobby Says Cost of Riots Is $305 Million So Far
A municipal worker cleans near a burned out bus following protests in Lyon, France.
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French insurers have so far received around 5,900 claims worth a total of some €280 million ($305 million) resulting from damage caused during a week of riots following the police shooting of a teenager.
This compares with 10,000 claims for a cost of €205 million during the last major riots in late 2005, Florence Lustman, chair of French insurers’ lobby France Assureurs, said at a financial forum in Paris on Tuesday.