More 'food deserts'. No CVS for prescriptions. No businesses, no job opportunities.
It will all be blamed on high insurance rates in black communities.
Further proof of systemic racism.
Wait for it.
l8r
The riots of the 1960s destroyed the economy of many cities for _decades_.
Some downtown areas have _never_ come back.
Folks have long memories—and there are a lot of better options than doing business in areas where rioters feel free to riot.
‘In Defense of Shooting Looters’ is the book I go by.
Every insurance policy I have ever seen has an exception for civil unrest.
Are insurance companies covering these losses?
I lived in So Calif during the Watts Riots.
Our office was 1 building north of Washington Blvd on Vermont.
We had NO ‘lunch room’. We all usually went to a small cafe south of Washington, which was INSIDE the riot perimeter. We had NG troops sitting inside while we tried to eat.
A rioter got onto the roof of the 2 story building I worked in & tried to drop grenades down the ventilation shaft. Our offices were on that 2nd floor.
Our bldg maintenance man had survived WW II.He herd the footsteps on the roof & went up I SHOT the guy. Dead...NO problem & no charges when cops found the grenades...
I have been doing accounting for over 63 years. I have NEVER seen insurance that will cover riots-—looting—arson—insurrection, etc. These businesses may NEVER recover.
In Watts, many of those burned out buildings have never been rebuilt—no insurance will even cover the construction.
Those riots happened in 1965 ,IIRC.