At least 650 million euros: the astronomical bill for the riots for insurers

by time news

2023-07-11 10:09:09

They lasted three times as long but will cost three times as much. According to the provisional report published this Tuesday morning by France insurers, the riots following the death of Nahel represent 650 million euros in compensable damage for a total of 11,300 claims. In less than a week. “For 90% of this amount, it is claims that affected professionals and local communities,” says the federation of insurers.

In 2005, urban violence resulted in compensation for 10,000 claims, but over three weeks. Above all, 82% concerned vehicles – insured against all risks or with a fire guarantee to be able to be taken care of – which had only brought the bill for the insurance companies to 204 million euros in total.

Until the end of the month to declare your claim

In detail, according to the latest count provided last week by Bercy, the main businesses affected by the riots are tobacco shops with 436 vandalized establishments – three-quarters looted and 10% completely destroyed – and bank branches, numbering of 370. Added to this are some 200 food shops, 30 of which burned down, 60 sports shops, all looted, dozens of fast food outlets, around twenty sports halls, a dozen DIY stores, not to mention a multitude of independent businesses. And to this are added the many public buildings (town halls, schools, libraries, etc.) and means of transport (buses, trams, etc.) vandalized.

VIDEO. “Poverty”, “anger”, “relaxation”: why stores are looted by rioters

If the bill is for the moment lower than the “billion euros of damage for companies” advanced in our columns a week ago by the outgoing president of Medef Geoffroy Roux de Bézieux, it could still increase even more. . Because most insurers have extended the claim reporting period to 30 days instead of 5 in view of exceptional circumstances.

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