Civil Disorders

Civil Disorders

In 2014 there was one major incident of social unrest worldwide that killed 21 people and resulted in $350 million in insured losses, according to Swiss Re. In 2013, there were eight social unrest events that killed 121 people but did not cause significant insured losses. Seven of the costliest civil disorders in the U.S. occurred in the 1960s. The first Fair Access to Insurance (FAIR) Plans, designed to provide property insurance in high-risk areas, were developed in response to these uprisings. (See Issues Updates: Residual Markets for further information on FAIR Plans.)

 

THE TEN MOST COSTLY U.S. CIVIL DISORDERS

($ millions)

      Estimated insured loss (1)
Rank Date Location Dollars when occurred In 2014 dollars (2)
1 Apr. 29-May 4, 1992 Los Angeles, CA $775.0 $1,308.0
2 Jul. 23-31, 1967 Detroit, MI 41.5 294.2
3 Aug. 11, 1965 Los Angeles, CA 38.0 285.6
4 May 17-19, 1980 Miami, FL 65.3 187.5
5 Jul. 13-14, 1977 New York City, NY 28.0 (3) 109.4
6 Jul. 12-21, 1967 Newark, NJ 11.0 78.0
7 Jul. 12, 1966 Chicago, IL 4.0 29.3
8 Jun. 13-15, 1971 Albuquerque, NM 3.0 17.5
9 Jul. 23-24, 1968 Cleveland, OH 1.5 10.2
10 Jul. 13-14, 1977 New York, NY 2.0 (4) 7.8

(1) Includes riots and civil disorders causing insured losses to the industry of at least $1 million up to 1992, $5 million from 1992 to 1996, and $25 million thereafter. As of April 30, 2015.
(2) Adjusted to 2014 dollars by the Insurance Information Institute using the Bureau of Labor Statistics' Consumer Price Index Inflation Calculator.
(3) Includes losses caused primarily by fires, looting, vandalism and malicious mischief.
(4) Includes losses caused by electrical power failure, food spoilage if covered and fires caused by power failure.

Source: Property Claim Services (PCS), a Verisk Analytics business; Insurance Information Institute.

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