G20 riots caused up to $13.8m insurance damage - Germany

2017-07-18 19:26
German police use water cannons during a protest against the G20 summit in Hamburg. (Michael Probst, AP)

German police use water cannons during a protest against the G20 summit in Hamburg. (Michael Probst, AP)

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Berlin – A group representing German insurers says the rioting that accompanied the Group of 20 (G20) summit earlier this month could cost insurance companies up to $13.8m.

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

The German Insurance Association said in an initial estimate on Tuesday that insured damage totalled as much as €12m ($13.8m), 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".

Read more on:    germany  |  protests  |  g20

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