Although the nationwide protests following the killing of George Floyd were largely peaceful, the property destruction that occurred alongside the demonstrations between May 26 and June 8 was not insignificant, Axios reports.
Property Claims Services, a company that has tracked insurance claims related to civil disorder since 1950, estimates the insured losses stemming from this year's protests "far outstrip" the previous record-holding Rodney King demonstrations in 1992, even when adjusted for inflation. All told, the events in May and June will result in at least $1 billion of paid insurance claims and possibly more than $2 billion, Axios reports. PCS did not reveal the exact dollar figure to Axios because it wants to sell the data to clients.
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