Trump Saves NATO
John Fetterman's Remarks About the Dem Candidate for NYC Mayor Hit the Bullseye
You Won't Be Surprised How Democrats Voted on Anti-ICE Riots in LA
Trump Just Dropped a Trade Bomb on Canada
Just Hours After SCOTUS Ruling, They Filed Another Challenge to Trump's Birthright Citizen...
President Trump’s Big, Beautiful Bill — America’s Retribution
Tom Homan Explodes While Calling For More ICE Funding
Leading Economist Admits Trump Outsmarted Everyone on Tariffs
Trump Takes a Second Victory Lap by Brokering African Peace Deal
Jet-Setting Hypocrisy: Climate Preachers Burn Fuel to Party at Bezos’ $100 Million Wedding
Trump Delivers on TPS Promise: DHS Ends Protected Status for 500,000 Haitians
Reactions Pour in After Historic SCOTUS Ruling About Parental Rights in Education
New Poll Shows How Americans Feel About 'Politically-Motivated Violence'
Chairman Comer Calls on Major Players From Biden White House to Appear for...
Is Kathy Hochul Supporting Mamdani for Mayor or Not?
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