“A guy who drives an airport shuttle in Minneapolis told me he invested all his money in a friend’s shoe store.
They sold high end sneakers.
He lost his life’s savings the first week of rioting.”
Wow, seems like insurance would have been a good idea with high-end inventory.
If you remember blue states had severe lockdown requirements.
Many of the stores including his friend’s couldn’t make money then because they had to be closed.
Many such stores stopped paying insurance just to cut cost and not permanently close.
He did say something interesting though. Hispanic businesses often had loans from the cartels. The cartels posted men with rifles on the rooftops to protect their “investments”.
Most of these inner city businesses and buildings were already uninsurable due to the cost and those that could get insurance have seen their rates skyrocket to cover "civil unrest".
One unstopped riot, and the insurers will correctly raise the rates on all policy holders in that jurisdiction for decades, if not forever.