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France riot damage racks up US$700 million insurance bill: Industry body

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PARIS: Damage from riots sparked by the police killing of a teenager in France has resulted in a US$715 million insurance bill, an industry body said on Tuesday (Jul 11) . The government battled days of unrest after a police officer shot dead 17-year-old Nahel M during a traffic stop in a Paris suburb on J

PARIS: Damage from riots sparked by the police killing of a teenager in France has resulted in a US$715 million insurance bill, an industry body said on Tuesday .

Nahel had Algerian roots, and the killing rekindled long-standing accusations of systemic racism in France. Last week, Lustman gave a figure of at least €280 million, stressing that many claims had yet to be made. Earlier this month, Finance Minister Bruno Le Maire urged insurers to extend the deadline for claims.

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