Cost of riots : Over 1 BILLION DOLLARS!!!

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Insurance experts and city officials across the country claim that the riots and demonstrations following the death of George Floyd could shape to be the costliest disorder in U.S. history, Fox News reports.

From police overtime to losses from fire, as well as theft and other destruction, costs of the unrest are adding up. And for the first time since statistics were collected in 1950, the insurance industry has labeled this a “riot and civil disorder” catastrophe in multiple states.

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]That five-day event caused about $1.4 billion in 2020 dollars[/b], according to PCS. Two days of riots following the funeral of Freddie Gray caused $26 million in losses in Baltimore alone.

However, losses stemming from the Floyd protests are likely to far exceed that. In Minneapolis, where some 400 businesses were damaged, owners and insurance experts estimate costs of the damage to exceed $500 million, according to the Minneapolis Star Tribune.

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California, the state general services department says it spent $2 million repairing state buildings, from boarding up windows to repairing granite and removing graffiti. The state also spent over $38.2 million in California Highway Patrol overtime costs and $25 million deploying the National Guard.

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Seattle, taxpayers spent $6.3 million in overtime, $67,478 on riot gear and $31,172 on pepper spray, flash bangs and other less than lethal weapons, according to SPD. Police overtime in Portland, Oregon totaled $6.2 million.

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LAPD patrol cars cost $80,000 each. Eight, according to the department, were totaled and 148 others were damaged, with broken windows, slashed tires and graffitti scrawled across the cars saying “murderers,” “kill all cops” and “say his name.”

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LAPD racked up $40 million in overtime — but because the city is out of cash, a memo from Chief Michael Moore says officers must take comp time, leaving fewer officers on the street.

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In Tucson, police overtime for one night May 30 cost taxpayers more than $100,000 for 239 employees, about the annual salaries of two rookie officers. On that same Saturday night, Cleveland police racked up $3 million in overtime. Even small towns incurred costs: Fargo, N.D., spent $840,000 and Harrisburg, Pa., $50,000 in overtime, Fox News added.

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