425 WHAT IF??? What if police abandonment inspired insurance companies to alter/drop liability coverage for businesses operating in “lawless zones”??? What if they said ... no??? posted 312 days ago by eviantears 312 days ago by eviantears +425 / -0 It’s almost as if intentionally destabilizing urban areas renews the cycle of urban development & real estate valuation. Who would benefit ??? 14 comments share 14 comments share save hide report block hide child comments Comments (14) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 20 ▼ – Zadok 20 points 312 days ago +20 / -0 If they refused to offer coverage, they would be accused of "Red Lining", or being racist. However they are not required to lose money, so they can raise the premiums to such a level that nobody can afford insurance. permalink save report block reply ▲ 13 ▼ – Proud_American 13 points 312 days ago +13 / -0 Like home insurance premiums in south Florida. Hurricanes were wiping out insurance profits so they jacked them to the moon. permalink parent save report block reply ▲ 1 ▼ – deleted 1 point 312 days ago +1 / -0
If they refused to offer coverage, they would be accused of "Red Lining", or being racist. However they are not required to lose money, so they can raise the premiums to such a level that nobody can afford insurance.
Like home insurance premiums in south Florida.
Hurricanes were wiping out insurance profits so they jacked them to the moon.