💥 EXCLUSIVE: $1B Riot Damage Smashes Records—Most Expensive in Insurance History! 🔥
Hold up—did the 2020 BLM riots just break the bank? We’re talking $1 BILLION in insured losses, outstripping EVERY civil unrest event EVER tracked! 😱 From Minneapolis to NYC, the chaos after George Floyd’s death left a jaw-dropping tab. But is this just the tip of the iceberg?
📊 Verified Facts:
Axios (Sept 16, 2020) drops the bomb: $1B-$2B in claims, topping the 1992 LA riots ($1.42B in today’s dollars).
Property Claim Services (PCS) says it’s the priciest since they started tracking in 1950—20 states hit, 140 cities torched (Triple-I).
Daily Mail adds: Kenosha alone racked up $11M in fire damage after the Jacob Blake shooting.
🌩️ Why It’s Wild:
“Mostly peaceful” protests? Tell that to the $2B bill! Arson, looting, and vandalism rewrote the rules.
Small biz got crushed—40% uninsured, losses uncounted (
FEE.org).
Long-term? LA’s ’92 riots tanked $3.8B in economic activity—could this be worse?
🤔 Let’s Get Loud!
Who’s footing this bill—us or the insurers?
Are riots the new norm—or a one-off explosion?
What’s the REAL cost when communities still haven’t healed?
Drop your hot takes below! 👇 Share, retweet, tag your crew—this convo’s too big to die!
#RiotDamage #GeorgeFloydRiots #InsuranceHistory #ChaosCosts #NewsThatHits
axios.com/2020/09/16/riots-c…