Nice Party?
Preliminary estimates of the property damage caused by the riots, lootings, and arson in the Twin Cities region of Minnesota come to about $500 million across more than 500 businesses, according to the Star Tribune.
The half-billion figure, if it holds up, would make the Twin Cities riots the second most destructive civil disturbance in the country’s history. The 1992 Los Angeles riots cost the insurance industry alone $775 million at the time, or around $1.4 billion adjusted for inflation. About half of small businesses in the U.S. aren’t insured.