Left-wing socialism so good...Portland business owners report insurance woes following months of looting, destruction

In at least one case the insurance premium went up four times

https://www.foxbusiness.com/lifestyle/portland-protest-insurance-business

Some Portland-based businesses have reportedly been left with no choice 
but to find new insurance companies or pay significantly higher premiums 
following months of civil unrest, looting, and vandalism in parts of the 
Oregon city.

Insurance companies serving the Portland region have begun charging 
significantly higher premiums – and in at least one case asking to cough 
up four-times the amount that was previously being paid – after store-
runners and owners were forced to file one claim, if not more, in 
connection with incidents of looting and destruction over the past several 
months, according to The Oregonian-Oregon Live.

And in some cases, insurance companies have opted not to offer policies at 
all to new customers in certain parts of Portland, nor to approve expanded 
coverage for its current holders, the newspaper reported.

FIERY BLASTS OUTSIDE PORTLAND OCCUPATION PROTEST RAISE SAFETY CONCERNS, AS 
BLOCKADE ENTERS THIRD DAY

Brown & Brown Northwest Insurance president Jessica Getman told The 
Oregonian that issuing such temporary restrictions is not unusual during 
times of greater potential for risk.

Fat City Cafe co-owner Caitlin Johnson discusses why her family is 
frustrated to not reopen their small business on their initial date. Video
“The civil unrest and riots that have occurred have put Portland on the 
map,” Getman told the outlet. “We’re talking about insurance carriers that 
not only have a footprint here in Oregon, but nationally, and many are 
based outside of Oregon. So, they are seeing all of this heightened 
awareness of crime and damaged buildings over the news. That has made 
carriers more sensitive.”

Barb Schimmel, who was identified by The Oregonian as a senior sales 
executive at WSC Insurance, told the outlet that one insurance company 
announced it would be unwilling to take on new business policyholders or 
extend its insurance coverage for any businesses located “within 5 miles 
of active riots/looting,” according to the report.

“When there is a company that is considering offering a brand new policy 
to a new business, there’s more scrutiny,” Schimmel reportedly said. “They 
will certainly look at the news and the headlines. These are typical 
underwriting parameters. They’ll look at what’s the level of risk and do 
we want to share that risk?”

PORTLAND PROTESTERS HAVE ARMED GUARDS, STOCKPILED WEAPONS AT OCCUPIED 
ZONE: POLICE CHIEF

In one instance, Schimmel’s client had nearly no choice but to sign up for 
an insurance policy that spiked his premium by four times what he was 
previously paying, after his former carrier announced in November it would 
not be renewing his policy, according to the report. The business owner’s 
shop was reportedly ransacked during a May 30 riot, prompting the owner to 
file a claim for the estimated $1 million in damage.

Heroes American Cafe owner and Army and Marine Corps veteran John Jackson 
discusses the attack on his Portland cafe, which he believes was 
perpetrated by Antifa rioters. Video
The Council of Insurance Agents & Brokers’ Commercial Property/Casualty 
Market Index report shows that premiums for commercial accounts of all 
sizes surged by an estimated average of 10.8% during the second quarter of 
2020.

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Portland saw more than 100 days of protests and, at times, riots following 
the police-involved death of George Floyd in Minneapolis on May 25. 
Tensions furthered around the beginning of July when the government 
deployed federal agents to stop attacks on a courthouse and other U.S. 
property.

Thousands of demonstrators turned out nightly, with some hurling 
fireworks, rocks, ball bearings and bottles at the agents. They responded 
with huge plumes of tear gas, rubber bullets, and flash-bang grenades.

Those clashes ended July 31, when state police took over from U.S. agents 
under a deal brokered by Oregon Gov. Kate Brown and the U.S. Department of 
Homeland Security. But smaller protests continued for weeks, with groups 
of 100 to 200 people marching nightly.

The protesters wanted city officials to slash the police budget and 
reallocate that money to Black residents and businesses. Some 
demonstrators were also demanding the resignation of Mayor Ted Wheeler, a 
White man and the scion of a timber company fortune.

During the clashes, some broke windows, set small fires, punctured police 
car tires with spikes, shined lasers in officers’ eyes, and pelted them 
with rocks and frozen water bottles. With the onslaught of destruction 
also came instances of violence that, at times, grew fatal.

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In recent days, protesters descended on "Red House," a Portland home that 
was owned by a Black and Indigenous family before it was allegedly taken 
through predatory lending practices.

Using fencing, lumber, and other material, activists erected barricades 
around the house, located in an area of homes, coffee shops, and 
restaurants in what was historically a Black neighborhood but has become 
gentrified. Protesters also have placed homemade spike strips, piles of 
rocks, and thick bands of plastic wrap stretched at neck-height across the 
road to keep law enforcement officers out.

The Associated Press contributed to this report. 



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