DAMAGE and LOOTING_ This is the insurance bill for damage and looting during protests over George Floyd’s death — and that’s just in Minnesota

MarketWatch

This is the insurance bill for damage and looting during protests over George Floyd’s death — and that’s just in Minnesota 

Published: June 9, 2020 at 9:19 a.m. ET
By Andrew Keshner
48

‘It’s going to take a bit of time for the insurance industry to understand the full implication of this’



A Minneapolis liquor store going up in flames on May 28, three days after George Floyd’s death in police custody.
KEREM YUCEL/AFP via Getty Images


Peter Killen was getting a bad feeling watching the local news on Friday night.

On his TV at home, he saw a familiar gas station. A fire was visible in the distance. It seemed to be near the warehouse where Killen, the owner of four bars in Minneapolis and the surrounding area, leased space for spare equipment.

Killen stored fryers there, wine coolers, patio bar stools, catering equipment and sentimental pictures too. The value of the items stored there was around $300,000 to $350,000. And by later that night, it was all gone.

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READ MORE: https://www.marketwatch.com/story/the-insurance-bill-for-damage-and-looting-during-protests-over-george-floyds-death-will-be-at-least-25-million-and-thats-just-in-minnesota-2020-06-04?link=TD_nypost_articles.7c7e0f416376f79f


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