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Insurance may cover looting, but consumers will pay



Insurance may cover looting, but consumers will pay

Randle Frankel, who runs a commercial property insurance broker with clients throughout Los Angeles County, could only shake his head when several people looted shops over the weekend saying this would not hurt anyone because the business was insured.

Yes, most retailers are protected for such criminal activities, Frankel told me, but not necessarily for total damage or loss. As with all insurance, it depends on how much coverage they buy.

In addition, responsibility does not stop with insurance companies.

“If operators pay claims for losses of hundreds of millions, they will try and compensate,” Frankel said. “There will be consequences. Rates will go up. “

Higher insurance rates will definitely be passed on to customers in the form of higher retail prices, which means, going forward, higher out-of-pocket costs for shoes, clothing and other items obtained without a five-finger discount.

In other words, looting is not a victimless crime, because some have tried to argue in defense of such behavior.

This has very real consequences for business owners and, in turn, their customers. In the long run, we all pay.

“In my experience, after every event like this, there will be an increase in prices,” Frankel said. “Rates must go up.”

If it needs to be underlined, theft and vandalism have nothing to do with mostly peaceful protests over the death of George Floyd. This is criminal behavior, stop completely.

My colleagues Sam Dean, Laurence Darmiento and Ronald D. White did a good job of describing how not all landlords need commercial tenants to insure their inventory.

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As a general rule, they report, small business owners with up to 100 employees can spend $ 1,200 per year on protection. Larger companies, I say, pay significantly more than that.

But this is an extraordinary time. Because of the COVID-19 pandemic, many businesses let their insurance policies pass or reduce coverage because they have no money in for months.

“Many of my clients have cut back,” said Gino Mattunts, a commercial insurance broker based in Glendale. “There have been many cancellations.”

He also said theft insurance often came with a large deductible to make protection more affordable. The shoe shop owner who was destroyed by looters, in other words, may be on the hook for most of the loss.

Mattunts said, the possibility of insurance companies will issue new requirements for businesses in connection with the surge in theft and damage to this property.

“Think about what it’s like to walk at night in downtown L.A.,” he said. “Everywhere you look, you see a heavy steel gate. That’s because of past experience in the area. We can see that in the future throughout the city. “

Karl Susman, a commercial insurance broker at Brentwood, agrees that high security measures are possible.

However, first, he expects insurance companies to try to reduce their risk by adding business deductibles, making business owners absorb more financial risk.

They will also stop issuing new policies until they can take into account this latest development, Susman said.

I ask whether local businesses have no risk of looting that is reflected in their policies since the Rodney King riots in 1992, which caused about $ 1 billion in property damage. Hasn’t that changed the insurance landscape?

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“No,” Susman answered. “That hardly makes a blip in terms of level and deductibles because it’s so local.”

“What we see now is different,” he said. Recent property damage in some of the region’s most prosperous commercial districts far exceeds, in terms of geography, what was experienced by business owners in 1992. Similar dynamics occur in national commercial centers.

“It’s more like a brush fire,” Susman explained. “This is very broad, and the industry will respond with new steps.”

For consumers, the fire brush metaphor is a good one. Major fires in recent years may not have caused everyone’s homes to burn, but it has changed the way home insurance is offered in California.

Several insurance companies left the market, concluding that the danger of a country’s fire would only get worse. That still raises rates and reduces for almost all homeowners to reflect the reality of climate change that we are living in trouble.

“With home insurance, the tariff continues to rise because we are experiencing loss after loss after loss,” Susman said.

“We can now see the same thing for commercial insurance, and businesses will provide higher costs to customers.”

Mitch Davis, a commercial insurance consultant based in Austin, Texas, told me that no coverage service provider will now begin to weigh heavier theft and vandalism in setting rates.

“Insurers have already included exceptions for infectious diseases due to coronavirus,” he said. “We have never really seen that before. The same thing will happen because of looting. “

His advice for businesses that lack money is not to file relatively small damage claims, such as broken windows.

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“By absorbing the loss, you might be able to avoid a rate hike in the short term,” Davis said. “In the long run, tariffs and deductions will rise.”

Tony Cignarale, California’s deputy commissioner of consumer services insurance, said the possibility of tariff increases for businesses – and thus higher prices for consumers – was very real.

“We are monitoring minute by minute and trying to find out where rates will go in the future,” he said.

Spoiler warning: Above.

Enjoy new kicks, looters. We all pay for it.

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Joao Almeida became the champion of Portugal in cycling



Joao Almeida became the champion of Portugal in cycling

This Sunday, Portuguese cyclist João Almeida (UAE-Emirates) became the Portuguese champion in cross-country cycling for the first time, winning the elite national championships held in Mogaduro.

In his first online race since Joao Almeida was forced to pull out of the Vuelta Italia after testing positive for the coronavirus, he won his first national title since becoming time trial champion in 2021.

Almeida crossed the finish line in Mogadora, covering the 167.5 km distance in 4:08.42 hours, 52 seconds behind Thiago Antunes (Efapel) second, Fabio Costa (Glassdrive-Q8-Anicolor) third, and Rui Oliveira (UAE). – Emirates), fourth.

In the end, João Almeida stated that he was “very pleased” with the victory, admitting that the race “went very well” and thanking his teammates.

Former national champion José Neves (W52-FC Porto) did not finish the race, as did Rafael Reis (Glassdrive-Q8-Anicolor) who won the time trial title on Friday.

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Portuguese military admits ‘it will take time’ until territory is taken under control



Portuguese military admits 'it will take time' until territory is taken under control

The “path” chosen for about a year in the fight against rebel groups in the province of Cabo Delgado in northern Mozambique is “the right one,” Brigadier General Nuno Lemos Pires said in an interview with Lusa.

“Now, while the situation is not fully under control, we all understand that, as in any other counter-terrorism situation in the world, it will take a lot of time,” added the head of the European military training mission, although he acknowledged that this “ does not mean that sometimes there are no fears and failures.

However, “this is part of what constitutes an action taken against terrorists who operate in a very wide area, who in themselves have the initiative and the ability to hide in a very wide area,” he said.

In fact, he stressed, many of the recent attacks that have taken place in the south of Cabo Delgado in recent weeks are due to the fact that Islamist extremist rebels had to “flight from the north” of the province.

“Because this was a consolidated military operation carried out in close cooperation between the Mozambique Defense and Security Forces (FSS), [e com as forças d]Rwanda and SAMIM (Southern African Development Community Mission (SADC) in Mozambique), who were clearing out the intervention areas that existed in the area, the reaction of many terrorists was to flee the area, go further south, where they were not pursued. , and make new attacks,” he explained.

“In such cases, the initiative almost always belongs to the terrorists. There are few of them, they hide among the population, they move over very large territories, with a lot of dense vegetation, it becomes very difficult to find them, but you can easily move,” he continued.

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On the other hand, the Portuguese general emphasized, “it is now difficult for these groups” “to concentrate power and forces for large-scale operations, as was the case three years ago during the conquests, such as Mocimboa da Praia or Palma.” ,” he said.

“They don’t have that ability. Many of these attacks even demonstrate [estratégias] survival [clássicas das guerrilhas]. They’re looking for food, they’re looking for supplies, they’re searching deep down for a place where they can survive, because the area is already under quite a lot of control. [por parte] Mozambique FSS, Rwandan forces and SAMIM,” he explained.

In this context, Nuno Lemos Pires highlighted the “quick response” of the Mozambican authorities to each of these developments, starting with head of state Filipe Nyusi.

“I think it is exemplary that the moment there is a movement or a series of significant attacks in other areas, we immediately see the President of Mozambique heading north, linking up with his Chief of the General Staff of the Armed Forces (CEMGFA). , with the Minister of Defense, with the Minister of the Interior, and outline plans on the ground for a quick change of equipment and the ability to respond to such movements,” he said.

During one such trip to northern Mozambique in mid-June, Mozambican Interior Minister Arsenia Massingue said that Mozambican police were informing the “enemy” – the rebel forces in Cabo Delgado – about the positions of the FDS and allied forces on the ground.

However, Lemos Pires downplayed the situation. “We must be aware that there are infiltrations in any political system. It’s happening everywhere. Ignoring this dimension is tantamount to ignoring what is happening everywhere,” he said.

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“I don’t know of a single case of insurgency, counterinsurgency, terrorist or counter-terrorist combat where these leaks didn’t happen frequently. You need to be careful. .

In addition to the vastness of the territory that has been the scene of conflict and the topography favorable to insurgent guerrilla strategies, the porous borders with Tanzania to the north of Cabo Delgado and Malawi to the northwest also pose a danger. challenges the SDF and allied forces of SAMIM and Rwanda.

Lemos Pires also relativized this question. “We are talking about transnational terrorism, and it is good to understand that the situation in the north of Mozambique, in Cabo Delgado, is not limited and is not limited – and has never been limited – exclusively and exclusively to this region. A phenomenon that exists throughout Africa. , namely in Central Africa,” he said.

The UETM commander even took advantage of this circumstance to formulate an “extended response” to “a broad problem, a regional one, and the solution must also be a broad regional one.”

Therefore, “it’s very good what we see here on the ground, in fact, this is the unification of the efforts of regional African forces to try to deal with a problem that really worries everyone,” he concluded.

“What happens in one region can affect another. That is why it is in everyone’s interest that these groups be fought, detained and that the narrative that they are currently spreading can be counteracted – we hope that there are fewer and fewer successes,” the Portuguese general stressed.


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Sporting confirmed the title of champion of Portugal in futsal and became a two-time champion of the country – Notícias de Coimbra



Sporting confirmed the title of champion of Portugal in futsal and became a two-time champion of the country - Notícias de Coimbra

Today, Sporting CP confirmed the title of Portuguese futsal and became the champion of the country, once again beating Benfica 4:3 in the third game of the play-off final at the Pavilão Joao Rocha stadium in Lisbon.

With this triumph, the Lions add their 17th national title, become two-time champions and achieve something unprecedented in the sport in Portugal, reaching the title by winning every play-off game and completing this feat with three wins in the final against rival Lisbon , winning the first two matches 5-4 and 4-3 respectively.

If in the first two matches the “lions” always started on the losing end, this time the team of Nuno Dias reversed the trend and led through Pauleto (05 minutes), making it 2-0 due to Cavinato (13) and Cardinal (18). ) signed a third before the break.

In the second half, André Sousa (26) moved to Benfica, Ziki (33) turned Léonin’s lead into a 4-1 lead, and Artur scored twice for the Eagles (34 and 39).

Sporting seized the initiative from the very beginning, and after Pani Varela threatened to hit the post, Pauleta really opened the scoring for the Lions with the next move, only having managed to pull over to the side of the road with a well-aimed blow. pole, after help from Eric.

Alvalade’s team were encouraged by the goal, and in the following betting twice he cost Benfica André Sousa, who, thanks to two excellent interventions, avoided Sporting’s second goal.

However, even the “elastic” goalkeeper of the “eagles” could not prevent the score from 2:0 in the 13th minute, when Cavinato appeared “in the face” of the goalkeeper to deflect a free kick from Alex Merlin.

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The “party”, which took over the Joao Rocha pavilion due to the Lions’ two-goal advantage, led to an overabundance in the stands: the fans broke the glass next to the “red” bench, due to which the game was interrupted for several minutes.

Three minutes before the end of the first half, Benfica had a great opportunity to close the gap: Sporting punished Sporting with a free kick for the sixth foul: Arthur missed him in a one-on-one match with Goncalo Portuguese, hitting the post.

The “punishment” for the Luz team was even more severe a minute later when the Cardinal made it 3-0 to the national champions. Pauleta, in an individual move, took all the defense of the “Reds” to the “tug” and filed for a support, which, in front of the helpless Andre Souza, chose a side and struck for the score.

In the second half, despite a greater lead in the match when Benfica appeared to be shaken by a big disadvantage, Sporting saw the opposition close in on the score thanks to a 26th-minute André Souza goal. even touched Merlin before entering the gate in Gitta’s defense.

Shortly after that, Benfica could have re-entered the final discussion, but Arthur, after a combination with Carlos Monteiro, hit the post again, missing the opportunity to make the score 3:2.

Benfica failed, while Sporting responded with a fatality, and Ziki stamped his name on the scorecard in the 33rd minute: first Pani Varela hit the iron, and then the green-white center was faster on reload.

After two iron balls, Artur finally “set” his goal and lowered it to 4-2 in the 34th minute. Toward the last minute, the central “incarnate” made the score 4:3 and left the result open until the end, but Sporting even became the national champion for the seventh time during the “reign” of Nuno Diaz as coach of the team from Alvalade. .

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The game was played at the Joao Rocha Pavilion in Lisbon.

Sporting – Benfica, 4-3.

During the break: 3-0.


1:0, Pauleta, 05 min.

2:0, Cavinato, 13.

3-0, Cardinal, 18.

3-1, André Sousa, 26.

4-1, Ziki, 33.

4-2, Arthur, 34.

4-3, Arthur, 39 years old.


– Sporting: Gitta, Eric Mendonza, Joao Matos, Diego Cavinato and Alex Merlim. Also playing were Tomas Paco, Cardinal, Pauleta, Pani Varela, Esteban Guerrero, Ziki Te and Gonçalo Portugal.

Coach: Nuno Dias.

– Benfica: Andre Souza, Romulo, Robinho, Rocha and Ivan Chishkala. Also played were Afonso Jesus, Artur, Carlos Monteiro, Bruno Sintra, Rafael Henmi, Silvestre Ferreira and Jacaret.

Coach: Pulpis.

Referees: Cristiano Santos (Porto), Ruben Santos (Porto) and Joao Sinval (Braga).

Disciplinary Actions: Yellow card for Robinho (11), Bruno Sintra (12), Cardinal (12), Jacaret (16), Pauleta (29), Romulo (32), Zika (32) and Afonso Jesus (34).

Attendance: about 2000 spectators.

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