French President Emmanuel Macron addresses mayors of cities affected by the violent clashes that erupted after a teen was shot dead by police last week during a meeting at the presidential Elysee Palace in Paris Tuesday, July 4, 2023. After the death of a 17-year-old shot by police in a Paris suburb, French President Emmanuel Macron was meeting with mayors of 220 towns from across the country which were hit by violence. Across France, 34 buildings — many of them linked to the government — were attacked from Sunday into Monday, along with 297 vehicles. Ludovic Marin/ Associated Press

Emmanuel Macron pledged swift government support to help mayors rebuild schools, libraries and town halls destroyed during a week of violence that swept across France after the police shooting of a teenager.

Thousands of insurance claims have started to pour in as small business owners seek to repair stores and offices attacked during the riots, with Finance Minster Bruno Le Maire promising additional support for those worst hit.

French employers’ lobby Medef estimated the cost of the violence at more than €1 billion ($1.1 billion), with 200 businesses looted, and 300 bank branches and 250 tobacco stores destroyed. The figure doesn’t include public buildings.

“The videos of the riots that circulated around the world hurt the image of France,” Medef head Geoffroy Roux de Bézieux told Le Parisien newspaper. “It’s always difficult to say if the impact will be long lasting, but there will certainly be a drop in reservations this summer, although the season had seemed promising. Many have already been canceled.”

France depends on tourism for some 4% of economic output, according to statistics agency Insee.

French insurers have so far received around 5,900 claims worth a total of some €280 million resulting from the violence, according to Florence Lustman, chair of industry lobby France Assureurs. This compares with 10,000 claims for a cost of €205 million during the last major riots in late 2005.

The unrest in France since the death of Nahel, a 17-year-old of North African descent, last Tuesday has underscored long-running tensions over racism and inequality in the country, especially in ethnically mixed neighborhoods around cities and towns. The opposition at both ends of the political spectrum has seized on the crisis as evidence that the government is failing to ensure public safety and narrow economic disparity.

Macron met with more than 200 mayors on Tuesday to discuss the impact and causes of the riots. A continued massive police deployment has led to a significant drop in the level of unrest.

The number of arrests dropped to 72 Monday night from a peak of more than 1,300 on Friday.

The number of vehicles burned or buildings damaged has dropped each night since peaking on Thursday, government data show. All told, close to 3,500 people have been arrested since unrest began a week ago.

Le Maire earlier met with store owners in the town of Arpajon south of Paris to discuss the fallout from the crisis. Speaking to reporters, he said insurers agreed to extend the delay for store owners to make damage claims resulting from the riots to 30 days from five.

Insurers will also consider reducing the deductibles on claims for those independent businesses worst hit by the violence and have pledged to pay compensation as quickly as possible, Le Maire said. The government may in addition scrap social and fiscal charges for shop owners who’ve been the most impacted, he added.

“If your store has been burned to the ground and a life’s work has been reduced to ashes, the state must be by your side,” he said. “We’ll do everything necessary so that economic activity can calmly pick up again in our country as quickly as possible.”

A survey of 1,005 adults by pollster Ifop carried out on Thursday and Friday showed Macron’s approval rating has risen 2 points to 33%, the highest since March. Still, a separate poll of 1,000 people by Elabe for BFM TV showed that far-right leader Marine Le Pen’s political standing has benefited the most from the riots.

Nahel, whose last name has officially been withheld by authorities, was buried Saturday in Nanterre, his hometown where he was shot at close range in a car. The officer who fired the gun has been charged with murder and is in pre-trial detention.

With assistance from William Horobin, Ania Nussbaum and Alexandre Rajbhandari.