<p>Riots and looting that took place following George Floyd&#8217;s death while in the custody of the Minneapolis Police Department will cost insurance companies up to $2 billion, making them the most expensive incident in insurance history.</p>
<p>Floyd&#8217;s death on Memorial Day weekend sparked nationwide anti-racism and anti-police brutality protests, which agitators, bent on violence, used as cover to wreak havoc in many of America&#8217;s major cities. The resulting damage is already costing cities like Minneapolis in the hundreds of millions of dollars, <a href="https://www.bizjournals.com/twincities/news/2020/07/13/federal-government-rejects-minnesota-aid-riots.html#:~:text=The%20federal%20government%20has%20turned,the%20local%20and%20state%20governments.%22">per Minneapolis Business Journal</a>, and now insurance companies report they could be on the hook for billions more.</p>

Riots, Looting That Followed George Floyd’s Death Could Cost $2 Billion, Most Expensive Incident In Insurance History

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Riots, Looting That Followed George Floyd’s Death Could Cost $2 Billion, Most Expensive Incident In Insurance History