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Claims for protests damages total €650 million: France Assureurs

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Jul 2023 18:26

France Assureurs says the number of claims has doubled since July 3.

  • France
    French police stand amid firecrackers on the third night of protests sparked by the fatal police shooting of a 17-year-old in the Paris suburb of Nanterre on June 30 (AP)

France's insurers federation highlighted on Tuesday that as of July 7, over 11,300 claims for damages as a result of demonstrations in the country had been lodged, totaling €650 million ($716 million), Bloomberg reported.

In a statement, France Assureurs pointed out that the number of claims has doubled since July 3, adding that commercial property claims account for 55% of total value, while government property claims account for 35%.

According to the federation, the nature of the claims is substantially different from that of the 2005 protests, when car damage and fire accounted for 82% of claims, costing €204 million in total.

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Elsewhere, the federation has requested that its members increase the claims notice time to 30 days, which is typically set at five days in insurance contracts.

The killing of 17-year-old Nahel Marzouk at the hands of French police in Hauts-de-Seine on June 27 left France in unrest as overnight protests roamed the country, leading to violent clashes between security forces and protesters, wreaking havoc across the country.

 
 
 
 
 
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Read more: Multiple cities in France cancel Bastille day festivities

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