Trump’s Reckoning With the United Nations
Federal Prosecutors Eye Soros Foundation in Explosive New Investigation
'Hypocrisy on Steroids': Kash Patel Torches Media Over Comey Indictment
Dallas ICE Shooting Latest Example of Left-Wing Terrorism, Which Hit All-Time Highs in...
Bernie Sanders Decries 'Political Pressure' About Kimmel in Glaringly Ironic Letter to Nex...
Alvin Bragg's Office Quietly Dismissed Charges Against Woman Who Assaulted Pro-Life Activi...
Sean Duffy Announces New Emergency Rules to Overhaul CDL Eligibility
Greta Thunberg's Flotilla Suffers Psychological Warfare in Another Brutal Attack
Mass Walkout at UN As Benjamin Netanyahu Takes the Stage
Eighth California Volleyball Team Forfeits Over Transgender Player
JD Vance Demands Jimmy Kimmel Apologize to Erika Kirk Following His Return to...
Georgetown Students React to Flyers Glorifying Charlie Kirk’s Assassination
Jeffries Vows Anyone Involved in Comey Indictment 'Will Face Accountability'
Why I Cannot Forgive Charlie Kirk's Murderer
Britain's Two-Tier Policing and Enforcement Regime Is Outrageous and Undeniable
Tipsheet

Cost of Recent Riot Damages Are the Worst in U.S. History

For months Democrat "leaders" in cities around the country have refused to squash violent Black Lives Matter rioting in their cities. The damage to communities has been significant and devastating. 

Advertisement

Now, a new assessment first reported by Axios shows the financial cost of the rioting is on its way to at least $2 billion, making it the most expensive in history. 

The vandalism and looting following the death of George Floyd at the hands of the Minneapolis police will cost the insurance industry more than any other violent demonstrations in recent history, Axios has learned.

That number could be as much as $2 billion and possibly more, according to the Insurance Information Institute (or Triple-I), which compiles information from PCS as well as other firms that report such statistics.

The protests related to George Floyd's death are also different because they are so widespread. "It's not just happening in one city or state — it's all over the country," Loretta L. Worters of the Triple-I tells Axios.

"And this is still happening, so the losses could be significantly more."

Advertisement

Worse, the communities hit the hardest may never recover. South Los Angeles still lives with the consequences of the 1992 riots. From the LA Times

[Diamond] Jones said she felt like South L.A. had “never recovered from those riots because, if you look at our community, there’s still abandoned buildings, there’s still not a lot of jobs.” 

Look around, she said, and there’s still a shortage of grocery stores or restaurants that offer healthful food. 

“It bothers me that certain [affluent] communities, no matter how damaged they are, will be OK,” but it’s not the same for minority neighborhoods, said Jones, a marketing coordinator for Forever 21 and owner of the clothing brand Nior.

The Department of Justice has been working overtime to prosecute rioters. According to Attorney General Bill Barr, federal investigators are finding out who is behind the organization of the violence and where funding for rioting is streaming from.  

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement