New Caledonia riots estimated to cause $1bn of insured losses
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New Caledonia riots estimated to cause $1bn of insured losses

Riots erupted in the Pacific Island territory last month over electoral reforms.

By Ayesha Venkataraman
June 26, 2024
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Noumea, New Caledonia. 28th May, 2024. The reinforcement of law enforcement and the removal of barricades continue with the securing of each cleared area. Here, on the Erudits bridge in Koutio. The state of emergency imposed on New Caledonia to quell the
Photo: Alamy

Insured losses from the ongoing New Caledonia riots has been pegged at around $1bn by the Comité des Entreprises d'Assurances de Nouvelle-Calédonie (COSODA) and the Chambre de Commerce et d'Industrie de Nouvelle-Calédonie (CCI NC), according to a Jefferies note.

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