The insured cost of the January riots estimated at 6.8 million USD

April 01, 2013

According to Amara Latrous, chairman of the Union des Assureurs et Réassureurs Algériens (UAR) and of the SAA , the January 2011 riots , have cost Algerian insurers, 6.8 million USD. Most of the damages was sustained by traders and companies. Riot covers are limited to 25% or even 50% of the sums insured in property insurance policies.


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