Canadian Underwriter
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City of Vancouver, local businesses assessing damage following Stanley Cup riot on June 15


June 16, 2011   by Canadian Underwriter


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Stanley Cup riots in Vancouver have now become a 1-in-17-year exposure for property and casualty insurers.
After the Vancouver Canucks hockey team lost Game 7 of the Stanley Cup finals to the Boston Bruins on June 15, many businesses were damaged and 150 people were sent to hospital in a riot after the game.
The scene was similar to what happened in 1994, when Canucks’ fans rioted after a loss to the New York Rangers in Game 7 of the Stanley Cup. The 1994 riot caused an estimated $1.1 million in damage to the city’s downtown core.
The City of Vancouver says it mobilized staff and contractors early in the morning of June 16, 2011 to assist downtown businesses by boarding up windows damaged in the violence following the game.
Police and sanitation crews reported many broken storefront windows, which needed protection overnight to prevent looting.
As of press time, the city and local business associations did not yet have a damage estimate, but espn.com reported the damage spread over a 10-block radius in Vancouver’s main shopping district.
ESPN also reported talking to Wynn Powell, president and CEO of London Drugs, who said the estimated damage caused to his business alone amounted to approximately $1 million.


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