The 2020 Black Lives Matter Riots Are The Most Damaging Riots in U.S. HistoryChris Menahan
Sep. 17, 2020
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The 2020 Black Lives Matter riots are the most damaging riots in US history, according to a new report citing insurance industry payouts which could exceed $2 billion.
The riots and looting -- initially sparked by the media hyping the death of George Floyd as a homicide by police rather than what appears more likely by the day to be an accidental fentanyl overdose by someone with chronic heart problems -- cost the insurance industry "more than any other violent demonstrations in recent history," Axios reports.
From Axios, "$1 billion-plus riot damage is most expensive in insurance history":
The protests that took place in 140 U.S. cities this spring were mostly peaceful, but the arson, vandalism and looting that did occur will result in at least $1 billion to $2 billion of paid insurance claims — eclipsing the record set in Los Angeles in 1992 after the acquittal of the police officers who brutalized Rodney King.Insurance losses for the 2015 Freddie Gray riots in Baltimore didn't even hit $25 million, Axios reported.
The 190-unit affordable housing project in Minneapolis that was burned to the ground by "peaceful protesters" in May cost $30 million alone.
The media has refused to cover the widespread damage so as to not "discredit the movement."
Fortunately, we haven't seen as many murders as with previous riots -- but that may change when the Democrats' Color Revolution goes live come November.
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