Shareholders didn't lose money from the unrest. Instead, insurance stocks rose in the face of riot-related payouts ... That may be because the insurance industry stands to profit from the destruction in the long run, one economist suggested—especially as many of the destroyed businesses were underinsured. [More]
I trust nobody thought these vampires operated on higher principle...?
[Via Michael G]
1 comment:
"Some black-owned businesses put up signs identifying as [uninsured], hoping they would deter attacks. In many cases, they did not."
Remember the "no radio" signs in car windows in NYC in the '70s? Good indication the neighborhood is already irredeemable.
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