Cost of George Floyd riots approaches $1 billion, according to early estimates

by Peter Heck · Sep 17th, 2020 9:03 am

Last Updated Sep 19th, 2020 at 3:06 am

Early estimates from a branch of Verisk Analytics called Property Claims Services put the costs of the riots over the death of George Floyd somewhere between $500 million and $900 million.

With those totals expected to increase, the Insurance Information Institute anticipates that the widespread rioting of 2020 will end up being the costliest in American history.

Currently, the 2020 Floyd riots rank as the second-most expensive, just behind the 1992 Rodney King riots in Los Angeles. That upheaval totaled $775 million in insured losses which, adjusted for inflation, resulted in $1.4 billion in current dollars.

? What sets the 2020 riots apart from others is that they were national in scope rather than localized. Floyd died on May 26, and in just over a week, more than 50 cities in 23 states were experiencing riots that forced curfews. The National Guard was activated in 30 states to help keep the peace.


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