It’s also possible they didn’t have insurance because of the neighborhood. Insurance companies are reluctant to insure businesses in high crime areas. If the owners could get insurance, the premiums would be sky high. They may not be able to afford insurance.
I agree. Insurance companies are risk-adverse. They insure against potential losses but have underwriters that assess their risk. Ferguson is no longer a good risk for many insurance companies to take. My guess is that many of the smaller businesses will not be able to rebuild in Ferguson because they can't get insurance, now that this mess has occurred. Or the premiums will be go sky high to cover the increased risk of being burned down again and they won't be able to afford them.
My question is, who in their right mind would rebuild a business in this community again? I will take years and years for Ferguson to reclaim its good name and remove the bad reputation this incident has created.