Shooting at a Portland Protest Against Police Violence Leaves 1 Dead

[MichMan]

17. There was at least $2 billion in damages; we shouldn't ignore facts just because we don't like them

On May 26, 2020, after the death of George Floyd in police custody, protests and riots broke out in Minneapolis, Minnesota and spread over the weeks that followed to another 140 U.S. cities, including Washington, D.C., New York, Chicago, Philadelphia, and Los Angeles. The National Guard was deployed in at least 21 states and Washington, D.C.

The Property Claim Services (PCS) a unit of a Verisk Analytics, designated the civil unrest that took place from May 26 to June 8, 2020 as a multi-state catastrophe event, with over 20 states experiencing significant losses. The 2020 event is the costliest civil unrest in U.S. history with insured losses estimated at over $2 billion by PCS (subject to further evaluation).

This was the first time since 1992 that PCS has compiled significant insured losses for a civil disorder and declared it a catastrophe. PCS had compiled insured losses for the Baltimore, Maryland riots of April 2015 but these riots did not meet PCS’s threshold for a catastrophe (insured losses reaching $25 million) when they occurred.

The second costliest U.S. civil disorder occurred from April 29 through May 4, 1992, in Los Angeles, California, after a jury acquitted Los Angeles Police Department officers for using excessive force in the arrest and beating of Rodney King. The event caused $775 million in insured losses, according to PCS, or about $1.4 billion in 2020 dollars. For more information on Civil Disorders, see Facts + Statistics, Civil Disorders.

https://www.iii.org/fact-statistic/facts-statistics-civil-disorders