French riots may cost insurers over €13B; mandatory riot insurance proposed

Weekend riots in France are projected to cause over €13 billion in insured losses, potentially the largest protest-related damage event for the insurance industry in the country's history. In response, the French government is considering introducing mandatory riot insurance, which would shift risk from insurers to policyholders and could affect insurance markets and public finances. The exact scope of damage and the timeline for legislative action remain uncertain.