Tags: APFN | EU | Germany | G20 Violence

Germany: G20 Riots Caused up to $13.8 Million Insured Damage

Tuesday, 18 July 2017 05:15 AM EDT

BERLIN (AP) — A group representing German insurers says the rioting that accompanied the Group of 20 summit earlier this month could cost insurance companies up to 12 million euros ($13.8 million).

Host city Hamburg saw three nights of violence amid anti-globalization protests as leaders of the world's biggest economic powers met July 7-8.

The German Insurance Association said in an initial estimate Tuesday that insured damage totaled as much as 12 million euros, with damaged cars accounting for up to a third of that sum. It also includes damage to houses and companies.

Chancellor Angela Merkel promised immediately after the summit to work with Hamburg authorities to help people affected by the riots. The federal and city governments have set up a "hardship fund."

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
A group representing German insurers says the rioting that accompanied the Group of 20 summit earlier this month could cost insurance companies up to 12 million euros ($13.8 million).Host city Hamburg saw three nights of violence amid anti-globalization protests as leaders...
APFN,EU,Germany,G20 Violence
124
2017-15-18
Tuesday, 18 July 2017 05:15 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved