The "mostly peaceful" riots that have been rocking the US since the end of May have proven to be extremely costly.
The Insurance Information Institute has compiled some shocking data. According to the institute, property damage claims from the riots this summer have now likely surpassed $2 billion, making them the costliest riots in US history.
BREAKING: Insurance Information Institute says Summer 2020 riots caused over $2 billion in damage across 20 states, Highest in US history.— ¡Despacito
The study indicates that just between the dates of May 26 and June 8 claims appear to be near the $2 billion mark, and in most cities, the rioting has not stopped. In Portland, for example, they are nearing four months of nightly disturbances without a single night off, and no end in sight.
Another disturbing dimension to these figures is that they only include valid insurance claims. Many business and property owners are realizing to their horror that they are not even able to make a claim due to the nature of their insurance policies, which often do not include riot-related losses.
Tim Pool also estimates the damage is a lot worse in THIS VIDEO "Gangs Have Taken Over NYC," Defunding Police BACKFIRES (More) Riots Continue, Jewish Protests ERUPT
I would bet anything Target, Best Buy, and a few other companies that were targeted in several of the cities where the rioting took place. Had an agreement, that those hurting businesses would be hit, for the insurance payment. I would like to know how many companies near CHOP, that were destroyed, has close ties with Wheeler, and didn't make a big stink about it, but got a nice Insurance payout.
I suspect these reports understate the short-term losses and don't even touch on the long-term affects. I assume insurance rates will increase, so no new businesses are going to move in. Welcome to the "food desert."
The Insurance Information Institute has compiled some shocking data. According to the institute, property damage claims from the riots this summer have now likely surpassed $2 billion, making them the costliest riots in US history.
BREAKING: Insurance Information Institute says Summer 2020 riots caused over $2 billion in damage across 20 states, Highest in US history.— ¡Despacito
The study indicates that just between the dates of May 26 and June 8 claims appear to be near the $2 billion mark, and in most cities, the rioting has not stopped. In Portland, for example, they are nearing four months of nightly disturbances without a single night off, and no end in sight.
Another disturbing dimension to these figures is that they only include valid insurance claims. Many business and property owners are realizing to their horror that they are not even able to make a claim due to the nature of their insurance policies, which often do not include riot-related losses.
SEE: https://thepostmillennial.com/blm-riot-damages-worst-in-history-totalling-over-2-billion
Tim Pool also estimates the damage is a lot worse in THIS VIDEO "Gangs Have Taken Over NYC," Defunding Police BACKFIRES (More) Riots Continue, Jewish Protests ERUPT
WATCH: 10/7/20
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