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CIVIL DISORDER INSURED LOSSES

 CIVIL DISORDER INSURED LOSSES
 NEW YORK, May 1 /PRNewswire/ -- No official insured loss estimate is


now available for the civil disorders occurring in Los Angeles and other parts of the country and will not be available for several days. The estimation of insured losses requires surveying insurance companies, agents, brokers as well as local, state and federal agencies.
 From an historical perspective, when measured in today's dollars, the 1965 Watts riot was the most costly insured loss resulting from a civil disorder, with insured losses totalling $183 million, according to the Insurance Information Institute. At the time of the Watts riot in 1965, insured losses totalled $44 million.
 More insurance coverage is in force in urban areas today than at the time of the riots in the 1960s. Following those riots, insurance pools -- called Fair Plans -- were created in many states to provide basic property insurance coverage to those unable to obtain it through the regular insurance marketplace.
 A list of the most costly insured losses resulting from civil disorders follows:
 The 10 most costly U.S. Civil Disorders
 Estimated Insured Losses(A)
 Date Locale Historic Dollars Today's Dollars
 May 17-19, 1980 Miami $65,250,000 $103,497,269
 Aug. 11-17, 1965 Los Angeles 44,000,000 182,565,079
 July 23, 1967 Detroit 41,500,000 162,396,707
 July 13-14, 1977 New York City 28,000,000 90,137,931
 April 4-9, 1968 Washington, D.C. 24,000,000 45,292,079
 July 12, 1967 Newark 15,000,000 58,697,605
 April 6-9, 1968 Baltimore 14,000,000 52,580,460
 April 4-11, 1968 Chicago 13,000,000 48,824,713
 April 4-11, 1968 New York City 4,200,000 15,774,138
 April 4-11, 1968 Pittsburgh 2,000,000 7,511,494
 (A) Source: Property Claim Services
 -0- 5/1/92
 /CONTACT: Cary Schneider of Insurance Information Institute, 212-669-9200/ CO: Insurance Information Institute ST: New York IN: INS SU:


KD-OS -- NY048 -- 5499 05/01/92 13:20 EDT
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Publication:PR Newswire
Date:May 1, 1992
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