France Counts Its Wounds After the Riots: The Looting Leaves Behind a Bomb Bill, "Who Will Pay" - iefimerida.gr
5 Articles
5 Articles
The local insurance industry is on high alert as large-scale protests across France escalate into riots. Estimates suggest that insurance losses alone, caused by protesters looting shops and setting fire to public buildings, could reach up to 1.2 billion euros (approximately 1.8 trillion won). Although large-scale riots have been breaking out annually in France since 2023, a decree requiring the state to share the losses—similar to natural disas…
The destruction and looting during the October 17 riots in France are causing hundreds of millions of euros in damage. Insurance companies are warning that not all those affected will be fully compensated, while more and more are considering turning to the state to cover the losses. Businesses and stores affected by the incidents in France are not certain to receive compensation for the total damage they suffered.
What a cynicism: while the city centres of Bordeaux, Limoges, Pau, Marseille, Lyon or Paris still bear the stigmas of this October 17th of shame, this day when stupidity and violence are
The government imposes curfews, promises to help robbed traders – and tries to ban looting from the net. What is the provisional damage balance?
Those affected depend on their current insurance while the new mechanism expects European authorisation and regulatory development
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