Paris: France is experiencing increasing economic costs as a result of the unrest that was sparked by the fatal police shooting of a teenager. The French Insurance Federation estimates that more than 11,000 claims were filed ten days after the start of the unprecedented riots in late June, totaling €650 million ($721 million).
According to France Assureurs' report, which was this week cited by AFP, claims on professional property accounted for 55% of the overall expense.
The federation emphasised that the majority of the initial claims—which were made five days after the outbreak of violence—were for vehicle damage.
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90% of the cost of the "exceptional violence relates to the 3,900 properties of professionals and local authorities affected," according to Florence Lustman, president of France Assureurs
Finance Minister Bruno Le Maire urged insurers to extend the deadline for filing claims earlier this month.
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Since June 27, and for almost a week, France has been engulfed in violent protests following a police shooting death of a French-Algerian boy named Nahel Merzouk in the Paris suburb of Nanterre. After being stopped by the police, the 17-year-old allegedly attempted to escape in his car. The policeman who shot Nahel to death was quickly taken into custody and charged with homicide
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After the incident, which led to a wave of violence across the country, the French government sent out 45,000 police officers to quell the unrest. The unruly youths set fires, attacked police, attacked stores, and attacked public buildings. As a result, over 4,000 people have been detained, including about 1,200 children.