Between April 25 and 27, 2015, looting and arson occurred in Baltimore, Maryland, following the funeral for Freddie Gray, a 25-year-old who died after suffering a severe spinal cord injury while in police custody. The estimated insured loss from the property damage is about $24 million.
In 2015 there were three major incidents of social unrest worldwide that killed 22 people and resulted in $24 million in insured losses, according to Swiss Re. In 2014 there was one major incident of social unrest that killed 21 people and caused $350 million in insured losses. Five 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.)
TOP 10 MOST COSTLY U.S. CIVIL DISORDERS