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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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In the last round of Portugal x Morocco was the decisive Cristiano Ronaldo and the Portuguese a la Gordon Banks.



In the last round of Portugal x Morocco was the decisive Cristiano Ronaldo and the Portuguese a la Gordon Banks.

Portugal and Morocco met in the group stage of the 2018 World Cup, and the Europeans won 1-0.

Portugal and Morocco will meet this Saturday (10) in the quarterfinals world Cup from Qatar. The last meeting between the two teams was in 2018, in the group stage of the World Cup held in Russia, and the Portuguese had the star of Cristiano Ronaldo and a brilliant performance by Rui Patricio to win the confrontation 1-0.

CR7 scored Portugal’s winning goal against Morocco in 2018 (Photo: FADEL SENNA/AFP)

Photo: Lance!

After scoring a hat-trick on his debut against Spain in 2018, CR7 went on a good phase and took four minutes to put the Portuguese team ahead against Atlas Lions. Four years later, the script changed for the Portuguese star, who was no longer unanimous in Portugal and lost the title to Gonçal Ramos, who scored a hat-trick against Switzerland.

Another notable figure for Portugal against Morocco in 2018 was goalkeeper Rui Patricio. The Africans dominated the match and had 15 submissions. In the 12th minute of the first half, the goalkeeper saved a header from Belanda in a move similar to Gordon Banks’ “save of the century” against Pelé in the 1970 World Cup.

In Qatar, Rui Patricio came on as a substitute and “passed the baton” to Diogo Costa, the 23-year-old who failed his debut but was an important figure in the Portuguese team’s campaign in the competition.

Frenchman Hervé Renard managed Morocco in Russia, a sensational manager in Qatar who managed to get Saudi Arabia to beat Argentina with one of the biggest upsets in World Cup history.

The winner of Portugal and Morocco will play either France or England in the semi-finals of the World Cup. The Portuguese have not been in the top four teams since the 2006 World Cup in Germany. On the other hand, the Atlas Lions want to be the first African team to reach the semi-finals of the Cup.

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Portuguese government to allocate 30 million euros to help Ukrainian refugees in Poland – Cidade Hoje



Portuguese government to allocate 30 million euros to help Ukrainian refugees in Poland – Cidade Hoje

The City Council of Santo Tirso today returned to Desportivo das Aves the Portuguese Football Cup trophy won in the 2017/2018 season, which the municipality bought at an auction two months ago for 30,000 euros.

“This was an injustice that our own justice wanted to bring up for discussion, but it needs to be reconsidered. It is disgusting that there are legal aspects that prevent the title from passing into the hands of others when it has been very well won on the field. The city council did only what it was responsible for, which is to keep the heritage of the population, the club and the land in the right place, ”Mayor Alberto Costa repeated to reporters.

The handover of the scepter took place on the full lawn of the CD Aves stadium, in Vila das Aves, between the winning reception of Desportivo das Aves 1930 in favor of Rio de Moinhos (3-1), in the 13th round of the 4th Series of the Football Association Division of Honor Porto.

Conquered on 20 May 2018 by beating Sporting CP in the final of the Queen’s competition (2-1) at the Estadio Nacional in Oeiras, the trophy was laid in the context of northern South Africa’s insolvency, having been put up for public auction from August to October.

A “double” by Alexandre Guedes against a goal from Colombian Fredy Montero “sealed” the unprecedented success of “Avences”, then managed by José Mota, just five days after the invasion of the Accademia de Alcochete, where supporters attacked several “Leonin players”.

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“The City Council of Santo Tirso did this out of respect for those who were on the field, after a week when it seemed that Desportivo das Aves did not exist. I returned to what I did in good conscience as mayor. We took care of the formal aspects so that what happened would not happen again, ”admitted Alberto Costa.

The ceremony was attended by the footballers, technicians and other staff involved in winning the Portuguese Cup, whose scepter was carried by the then goalkeeper and “captain” Kim and striker Alexandre Guedes on the pitch to be symbolically handed over by the mayor to the newly appointed sworn-in president of the Vila das Aves club, Pedro Pereira.

“Feeling is what you felt in the stadium. There was gratitude for the most important achievement in our history, which also marked the beginning of the renaissance that we are striving for, in order for the club to return to the heights that it has reached in the past. The Portuguese Cup is well placed. The legal departments have tried to ensure that this is not going anywhere,” said successor António Freitas.

The auction was held by the Judicial Court of Comarca Porto and ended exactly two months ago, setting a minimum threshold of 1360 euros, set at an initial price of 800 euros and a base price of 1600 euros. trophy.

The greatest achievement of Desportivo das Aves was arrested by the SAD in July 2020 when the Chinese-led administration Wei Zhao failed to fulfill the licensing requirements in the professional competition of the 2020/21 season with the Clubs League and rejected an appeal to the Council of the Referee of the Portuguese Football Federation.

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The Nordics had already been relegated to the II League, but “fell” by administrative means in the Campeonato de Portugal, then in the third national level due to wage arrears and unilateral layoffs of players, technical staff and employees.

SAD, which also witnessed the confiscation of two Desportivo das Aves buses, decided to withdraw from the Portuguese Championship in September 2020, five months before the Santo Tirso District Judicial Court declared it insolvent.

Almost €37,500 debts from SAD to three foreign clubs resulted in FIFA preventing the club from signing new players since August 2020, but two months later, António Freitas’ management decided to recreate the futsal and football sections that began to represent the new club. called Desportivo das Aves 1930.

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IBGE has already conducted a census of almost 80% of the Brazilian population – Português (Brazil)



Mutirão Opens To Negotiation Of Individuals' Overdue Debts - Português (Brazil)

Almost 80% of Brazil’s population is already registered this year. From the beginning of work, from August 1 to December 5, 168,018,345 people were registered, in 59,192,875 households, which corresponds to 78.73% of the estimated population of the country. The data is taken from the fourth balance sheet of the 2022 demographic census released this Wednesday (December 7) by the Brazilian Institute of Geography and Statistics (IBGS).

Of the total number of respondents, the majority live in the Southeast region, 39.54%, followed by the Northeast (29.43%), South (14.76%), North (8.79%) and Midwest (7 .44%). So far, 48.4% of the census population was male and 51.6% female.

According to IBGE, the state with the highest proportion of registered people to estimated population is Piauí (96.2%), followed by Sergipe (91.2%) and Rio Grande do Norte (89.8%). The least advanced are Mato Grosso (65.9%), Amapa (66.9%) and Espirito Santo (70.67%).

In the case of Sergipe and Piaui, BIGE has already completed the first phase of data collection, with census takers traveling around the state visiting addresses. The institute will now begin the process of restoring homes that were registered for absent residents and those that people refused to respond to the census.

So far, about 2.59% of households have refused to respond, but IBGE expects to reduce this percentage by the end of the operation after all persistence protocols have been applied.

States that are close to completing collection will also be able to count on Disque-Censo, a free service available from 8:00 am to 9:30 pm. Those who have not been visited by census takers can call the agency at 137 and take part in the survey. At the moment, the service is only available in the states of Sergipe and Piauí.

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In this balance sheet, BIGE discloses for the first time general census data in subnormal agglomerations, defined as “irregular occupation of land for residential purposes in urban areas and which are generally characterized by irregular urban structure, lack of basic public services and being in areas with limited access”. Until December 5, 12,337,295 people lived in the country, which is about 7% of the registered population.

In addition, 1,489,003 natives and 1,208,702 quilombolas have already been registered.

The institute is facing difficulties due to a lack of staff to conduct censuses in some locations. Throughout the country, from November 28 to December 4, 60,611 enumerators worked at IBGS, which is 33.1% of the total number of available vacancies.

Census takers will always be in uniform, with an IBGE vest, census cap, ID badge, and a mobile data collection device (DMC). In addition, it is possible to verify the identity of the IBGS agent in website By answering IBGE or calling 0800 721 8181.

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