Black Lives Matter Gets New Support: From the Industry it Hurts Most?

Insurance companies are now backing the Black Lives Matter movement, a movement whose destruction has caused great detriment to the insurance industry.

According to The Washington Free Beacon:

Following the death of George Floyd, the world’s largest insurance companies spoke up in favor of Black Lives Matter. Even as they were paying out unprecedented claims due to the destruction caused by Black Lives Matter protesters and those seizing their mantle, the companies issued statements and coughed up donations to support the movement.

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This summer’s unrest cost the industry more than a billion dollars in riot damage, the largest such loss in U.S. history. Those losses are now in danger of affecting employees’ pay, industry insiders said, but not their employers’ stance: As of February 18, Chubb was planning a panel with Black Lives Matter whose promotional materials included a pro-Black Panther documentary and an enjoinder to “stay woke,” according to emails reviewed by the Washington Free Beacon.

For insiders who have seen up close the costs of the riots, the move is unsettling. “It’s just one of many examples of corporate virtue-signaling,” one Chubb employee told the Free Beacon. “It certainly doesn’t represent the opinions and values of most people who work in the company. We’re not Google or Facebook.”

The insurance industry is not unique among corporate America: Walmart, Target, and other stalwarts of “woke capital” have issued statements indicating their support for the protests while their stores were ransacked by rioters. Because those companies had insurance, however, they didn’t have to pay for the looting. Their insurers did.

Apparently, PR is worth more than the cost property damage creates.

 

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Pissed Off American
Pissed Off American
27 days ago

Nice, the woke insurance companies will be raising our rates to cover their loses due to their PC. Insurance is a racket. They know the odds of having to pay out and they are in their favor. They do everything to to get you to pay high rates and then when you have a claim they do anything to NOT pay it. My shop had skunks tear up insulation, skylight broken due to hail. Electric transformer exploded next to building. But NONE of it was above my deductible so they wouldn’t cover any of it. But they kept raising my deductible and my rate every year. When it hit $5K deductible and $8K premium I told them to drop it. They sent me notices and BS letters for a year trying to scare me into renewing it. They kept claim asking “What if something happens like a tornado” Good chance I will be in it and dead so it won’t matter. I took my money to repair and upgrade buildings instead of giving it to insurance companies for “WHAT IF” situations. I drive older cars so all I have is minimum insurance. Insurance company gave me 30 days to replace house roof and then dropped my insurance, wanted me to install a lot of extra features to help prevent wind damage so they wouldn’t have to pay for it. It’s a racket just like Las Vegas. Your betting you will have a problem and they know the odds of you NOT. So they make rules in their favor at every turn to protect them.

SDOFAZ
23 days ago

It’s the lefts version of spread the wealth. So shop your rates if they go up. See if there is an insurance company that is not WOKE!

Chip Spradley
Chip Spradley
23 days ago

Now I know that 1Chubb Insurance

james bolton
james bolton
23 days ago

globalist puppet $oro$ owns progressive .

Nine Island Girl
Nine Island Girl
22 days ago

Boy, you sure hit all the nails on the head. Very true. RACKET is the key word.

Robin Rosenblatt
23 days ago

They have betrayed America

SDOFAZ
23 days ago

Yup but we can as consumers and majority of insurance buyer give them out Wake Up results which is shop them all for the cheapest if the rates go up drastically. A Slim down what we do buy.

Rodger Shingledecker
Rodger Shingledecker
23 days ago

These people are absolutely nuts.

Rodger Shull
Rodger Shull
23 days ago

bluck bluck bluck shickeeeeen , that is what they are, no better that those they back. maybe they are in kahoots, to raise the rates.

TheBerean
23 days ago

BLM (= Marxism – not engaging, yawn)

gene smith
gene smith
23 days ago

This is a great example of absolute stupidity.
THE BLM folks well deserve to be jailed not hailed.

Robert6391
Robert6391
23 days ago
Reply to  gene smith

gene smith
Did you not listen tot the reports from both state law enforcement and the DOJ, who both said it was not BLM doing the destruction it was White Supremists and Militias whop wanted to start a Civil Race War in this USA, and the ones arrested actually said that is what they were trying to do.

james bolton
james bolton
23 days ago
Reply to  Robert6391

Wake up, you have been lied to for the 1,000th time and you still fall for the lies .

Nine Island Girl
Nine Island Girl
22 days ago
Reply to  james bolton

I just responded to Robert, but they’re holding my comment.
Basically, all lives matter. No one here has said otherwise. It’s the organization that’s corrupt and no one wants involvement in it except the left.

Reg65
Reg65
23 days ago
Reply to  Robert6391

Whatever the MSM says, it is just the opposite. Wake up.

Shamu
Shamu
23 days ago
Reply to  Robert6391

Retired LEO Calls B/S on YOU Robert!

Nine Island Girl
Nine Island Girl
22 days ago
Reply to  Robert6391

We ALL recognize that black lives matter! No one here has ever said differently. ALL lives matter!
It’s the BLM organization that’s corrupt and very malicious.
And….. you’re basically STUPID!

Valkyrie
Valkyrie
22 days ago
Reply to  Robert6391

You must be getting your info from CNN. Obviously, you only see what you want to see. Try using your brain. You might actually recognize the truth, if you want to do so.

mojo
mojo
23 days ago
Reply to  gene smith

Also those insurance executives that recognize and support these heathens.

Patrick Damone
Patrick Damone
23 days ago

Just can’t fix STUPID with libturds but they do love their criminals!!!!!

james bolton
james bolton
23 days ago
Reply to  Patrick Damone

globalist criminal organisation, planned parenthood is a good start to fixing stupid, America and the world do not need one more globalist puppet, libby snow flake sheep .

Jack Rambo
Jack Rambo
22 days ago
Reply to  Patrick Damone

That is because the democrats are criminals themselves; birds of a feather flock and commit crimes together!

Robert6391
Robert6391
23 days ago

Here is another very biased article, once again blaming BLM for the destruction, when every law enforcement, both local and Federal have said it was not the BLM protesters it was out side groups doing the destruction to try to start a Civil Race War, they names two White Supremist Groups, the Boogaloo Boys and a Militia group, and said Antifa was involved.
So you should blame the right persons or group, the White Supremist groups, who want blacks put down for anything and everything.
I am not saying that some persons in the BLM did not take advantage once the store windows were broken, but according to law enforcement and the videos it was not the BLM protesters breaking those store windows or setting those fires.

Nine Island Girl
Nine Island Girl
22 days ago
Reply to  Robert6391

Robert, you’re either black and will protect your color at all costs, and you must support the criminals in the white house. After all, I’m sure they’re giving you free stuff?

Valkyrie
Valkyrie
22 days ago
Reply to  Robert6391

Nonsense!!!

Pissed Off American
Pissed Off American
21 days ago
Reply to  Robert6391

I don’t care what they call themselves. When they start tearing up my property I’m calling out a “EQUAL OPERTUNITY WHINCHESTER” that can only see THUGS and apply high speed lead poisoning to any and all colors or types with equal measure.

sparky42
sparky42
23 days ago

Never negotiate or try to placate a Terrorist. It doesn’t work. Just look at Portland, Seattle and others. They just take, and take, and ask for more.

Joe
Joe
23 days ago

PATHETIC!

Elizabeth Estrada aka CHIAKIA

LISTEN UP…BLM and ANTIFA have INNOCENT BLOOD on Their HANDS. I CONDEMN THEM. From SamuraiQueen….GOD’S ADOPTED DAUGHTER…Forever. 😄😄😄

Scotty
Scotty
23 days ago

Too bad I can’t buy “stupid insurance”.

Shelley
Shelley
23 days ago

They should have reported which companies are the ones that support BLM as it probably isn’t all of them. Then we could stay away from those companies!

james bolton
james bolton
23 days ago
Reply to  Shelley

globalist puppet $oro$ owns progressive .

Jack Rambo
Jack Rambo
22 days ago
Reply to  Shelley

DEFINITELY!

james bolton
james bolton
23 days ago

Fortunately I refuse to shop at target and walmart and I have already banned globalist puppet starbucks and globalist puppet coke and globalist puppet dicks sporting goods and globalist puppet banquet and globalist puppet progressive and globalist puppet nestle and globalist puppet hollywood and globalist puppet professional sports .

MANUEL A ALVAREZ
MANUEL A ALVAREZ
22 days ago
Reply to  james bolton

Shopped at small businesses, service is much better: most of the stuff you get from these national companies is garbage anyway :

rusell
rusell
23 days ago

blm is a terrorist organization and should be treated as such

Nine Island Girl
Nine Island Girl
22 days ago
Reply to  rusell

I agree, but don’t tell it to Robert.
He’s all about defending them.

D MacKAY
D MacKAY
23 days ago

Isn’t an insurance company supporting the rioters who destroy their clients property involved in a conflict of interest?
It’s like the Insurers are paying BLM to keep the damage within the deductibles to protect the insurance Co. from paying out.

Pissed Off American
Pissed Off American
21 days ago
Reply to  D MacKAY

Many of the destroyed business owner found out that under the “TERMS” of their policy CONDITIONS that they were WAY UNDER INSURED. The insurance companies skated again leaving them holding the bag. I found that agreed valve works better on some stuff because no mater what age something is the price is the same. Every thing goes down in value with time and condition. Even with replacement value you may not be able to replace something with one as good as you had if you can find one. I find at every turn there is a catch in insurance company’s favor. New Mexico mandated auto insurance for everybody, but the illegals drive everywhere with none. Been hit twice and
first thing they say if they don’t run is “No speak English in Spanish or no insurance.” What a joke. Where can I buy an Armored Personal Carrier to drive.
Maybe a Duce and a half. With Commie Obiden Panty Sniffer illegal tidal wave coming is going to be a lot worse. Now some states are allowing them to drive. They seem to be allowed to do anything where the rest of get fines for everything. We get to pay the bills.

BOB M.
BOB M.
23 days ago

Let me get this straight; BLM and ANTIFA have burned substantial portions of Minneapolis, Portland, Seattle, Atlanta, Kenosha, etc., causing untold millions in damage that insurance companies had to pay for,and those same companies donated to those organizations? George Orwell was prescient!

Nine Island Girl
Nine Island Girl
22 days ago
Reply to  BOB M.

Best you forget what you saw on TV.
Your eyes are deceiving you.
Does wealth DISTRIBUTION ring a bell?

kevin
kevin
22 days ago

Jesse Jackson and Al Sharpton have been doing this for years. Shaking down companies for cash. BLM is just carrying on the tradition…

Nine Island Girl
Nine Island Girl
22 days ago
Reply to  kevin

Yes, that’s exactly what they do!
People have consumed way to much koolaid to think reasonably.

Steve
22 days ago

I thought insurance companies did not cover damage from riot and civil unrest: These costs should be borne by the municipalities that fail to protect their citizens’ property.

Rae M. Ahern
Rae M. Ahern
22 days ago

BS!! I was told insurance doesn’t cover the destruction they caused. The insurance company’s screwed the policy holders!! They can afford to back BLM!!

Nine Island Girl
Nine Island Girl
22 days ago

I believe that these companies fear the backlash if they don’t comply.
Sharpton has already threatened the Washington folks if they didn’t vote for slow joe’s agenda.
This is all so beyond comprehension.

Valkyrie
Valkyrie
22 days ago

Americans must never forget the damage being done as a result of the irresponsibility if these companies towards decent law abiding citizens. It’s time to send a financial message and stop bying from these irresponsible companies.

Linc
Linc
22 days ago

If I find my insurance company is supporting them I will seek insurance elsewhere.

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