2023-07-11 16:00:16
Insurance companies in France announced – today, Tuesday – that the bill they will pay to repair the damages resulting from the protests that erupted in the country – two weeks ago, in the wake of the killing of the young man, Nael, by a policeman – amounts to 650 million euros.
About 90 percent of this “cost (…) relates to the 3,900 properties of professionals and communities” affected by the “riots,” Florence Lustmann, president of the federation of French insurers “France Assurure”, said in a statement.
As for the remaining percentage (approximately 10%), it mainly relates to damages sustained by individuals whose cars were primarily severely damaged.
Last week, the federation estimated this bill at less than half (280 million euros).
The union counted 11,300 claims related to damages resulting from the week-long protests, sparked by the killing of 17-year-old Nael during a traffic inspection in Nanterre, west of Paris.
Geoffroy Rody Beziou, president of the French Employers Association “MEDEF”, announced that it was too early to provide an accurate number, but what is certain is that the damage exceeds one billion euros, without calculating the repercussions on the tourism sector.
The bill for the protests linked to Nael’s death seems much heavier than the bill for the events that erupted on the night of October 27, 2005, following the death of two young men who were electrocuted at a power station while they were hiding from the police.
The riots, which lasted several weeks at the time, cost regarding 204 million euros, and compensation claims were identified and announced at the time, with nearly 10,000 claims.
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