Article

2020-09-19 Economy

BLM Riots Could Cost Insurance Companies Up to $2 Billion

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Posted by g(r)omgoru 2020-09-19 03:46|| || Front Page|| [11133 views ] Top

#1 Just another 'tax' as everyone else's rates go up. Though most insurers are state regulated, so its the citizens of the states who'll pick up the tab.

Posted by Procopius2k 2020-09-19 06:55|| 2020-09-19 06:55|| Front Page Top

#2 State insurance regulation is the original skin-back proposition. In Trump's second term, eliminating it should be a top priority.

Posted by M. Murcek 2020-09-19 08:22|| 2020-09-19 08:22|| Front Page Top

#3 Don't forget all those little 'nuisance words' in a lot of policies that allows the insurers to deny coverage related to “illegal acts”.

$2B is just the tip of the iceberg.

Posted by Mullah Richard 2020-09-19 09:14|| 2020-09-19 09:14|| Front Page Top

#4 You should have known angry minorities would rip up your business / home / neighborhood / life.

That clause.

Posted by M. Murcek 2020-09-19 09:17|| 2020-09-19 09:17|| Front Page Top

#5 And people talk about oligarchs elsewhere...the deck is so stacked here it is sickening.

So we have police, defunded or not, that are not bound to respond to individual calls for help, and then there's possibly the insurance companies can deny coverage to those who required assistance. Gee, isn't that nice?

Posted by Clem 2020-09-19 09:19|| 2020-09-19 09:19|| Front Page Top

#6 #1, ZMan calls it "the tax on being white..."

Posted by M. Murcek 2020-09-19 09:20|| 2020-09-19 09:20|| Front Page Top

#7 They don't even need to deny, the insurers can simply drag their feet with manufactured internal bureaucracy. Besides, how many have insurance for insurrection?

Posted by Cesare 2020-09-19 10:04|| 2020-09-19 10:04|| Front Page Top

#8 /\ Besides, how many have insurance for insurrection?

At the personal level, I am 'self-insured.'

Posted by Besoeker 2020-09-19 10:07|| 2020-09-19 10:07|| Front Page Top

#9 The typical bodega barely makes it. Insurance is a fantasy. The big box stores have such large policies their carriers won't even consider rocking the boat.

Posted by M. Murcek 2020-09-19 10:08|| 2020-09-19 10:08|| Front Page Top

#10 At the personal level,

A white person is in Bonfire of the Vanities territory these days. Amazing that Tom Wolfe saw that coming way back in 1987...

Posted by M. Murcek 2020-09-19 10:13|| 2020-09-19 10:13|| Front Page Top

#11 We, (insurance company), file suit for damages against (corporation) for their continuous support, in spite of overwhelming evidence concerning arson and vandalism, of the BLM organization.

Posted by swksvolFF 2020-09-19 12:32|| 2020-09-19 12:32|| Front Page Top

#12 At the personal level, I am 'self-insured.'

12 ga insurance. :-)

Also, anyone involved in the riots ought to be responsible for reparations for what they destroyed.

Posted by gorb 2020-09-19 12:56|| 2020-09-19 12:56|| Front Page Top

#13 They CAN sue BLM and ANTIFA and the Seattle Mayor who openly supported the destruction.

Posted by Vespasian Ebbereng3110 2020-09-19 12:57|| 2020-09-19 12:57|| Front Page Top

#14 ALL mayors and Governors in Dem riot areas should have massive lawsuits against them.

Posted by Vespasian Ebbereng3110 2020-09-19 13:04|| 2020-09-19 13:04|| Front Page Top

#15 #11, that's called subrogation. In this instance the lawyers won't touch it.

Posted by M. Murcek 2020-09-19 13:26|| 2020-09-19 13:26|| Front Page Top

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