stolen Leica

[jaeger]

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Early today, I was told 3 Leica stores were looted.  There should be hundreds of stolen Leica out there by now, link below and be alert! 

https://lhsa.org/2020/06/leica-store-lootings/

 

 

 

[t00l1024]

This was from 3 months ago. No?

[jaeger]

yeah, it was in June, have your heard about this anywhere else?   I didn't see any post about this incident in this forum or any other forums, really nothing until the store manage told me. 

It will take some time fencing some massive inventory, the circle of Leica users are much smaller, so I guess it's worth to mention.  It's not about old information but it's about informative. 

[logan2z]

1 hour ago, jaeger said:

have your heard about this anywhere else?   I didn't see any post about this incident in this forum or any other forums, really nothing until the store manage told me. 

 

[rpsawin]

Has there been any equipment recovered or arrests made?

[james.liam]

In the case of Leica Store-SoHo, it turned out that some of the neighbors got to some of it before the thieves returning them to the owner, Mr Kurland.

BTW, these gangs were going from store to store along West Broadway and Broadway in Bentleys and Rolls-Royces as their conveyance, so not really grief-stricken by the murder of George Floyd.

For all those celebrating the wanton violence as something "needful" or "justified"--as many in the press and the local Socialist-Progressivist politics were saying-- losses due to looting are not covered by insurance. What was destroyed is gone for good. The fashionable SoHo in Manhattan is a boarded-up ghost town, save for a few restaurants who've managed to re-open.

 

Edited September 13, 2020 by james.liam

[Fgcm]

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James, I totally agree with you.

 

Edited September 13, 2020 by Fgcm

[farnz]

9 hours ago, james.liam said:

losses due to looting are not covered by insurance.

I don't doubt what you're saying is true but that seems bonkers to me because essentially it's theft.  I assume that the insurance companies class it as Force Majeure and thereby they're not liable.  It's comforting to know that the insurance companies* still have the largest, shiniest offices in every city though. 

Pete.

*I have restrained myself from using more colourful language to describe this scourge on society.

[RayD28]

9 hours ago, james.liam said:

In the case of Leica Store-SoHo, it turned out that some of the neighbors got to some of it before the thieves returning them to the owner, Mr Kurland.

BTW, these gangs were going from store to store along West Broadway and Broadway in Bentleys and Rolls-Royces as their conveyance, so not really grief-stricken by the murder of George Floyd.

For all those celebrating the wanton violence as something "needful" or "justified"--as many in the press and the local Socialist-Progressivist politics were saying-- losses due to looting are not covered by insurance. What was destroyed is gone for good. The fashionable SoHo in Manhattan is a boarded-up ghost town, save for a few restaurants who've managed to re-open.

 

James, most standard business policies will cover property damage resulting from riots and looting (theft).  All policies are modifiable, but I can't imagine an insurance company and insured agreeing to exclude property loss and theft coverage related to riots and looting.  I might be missing something but this is my understanding.  

Business interruption coverage due to COVID-19 is an entirely different animal.  When the pandemic started closing businesses I asked our agent if business interruption coverage applies to us and he told me "maybe but unlikely" and then only if a governmental authority ordered our business, at our physical location, to shutdown.  We are considered an essential business distributing beverage products to retailers, including bars and restaurants and their closures and our inability to sell to them would certainly not be covered.  I'm not an insurance expert so this is just my understanding.  

[james.liam]

4 hours ago, farnz said:

I assume that the insurance companies class it as Force Majeure and thereby they're not liable.  It's comforting to know that the insurance companies* still have the largest, shiniest offices in every city though. 

Pete.

*I have restrained myself from using more colourful language to describe this scourge on society.

 

You hit it on the head!

In addition, some larger retail vendors filed claims for business interruption and the underwriters refused to pay (don't know their rationale; perhaps Force Majeur or blaming it on government orders to close) and have therefore filed for bankruptcy.

Edited September 13, 2020 by james.liam

[OR120]

So ------------ was anyone arrested for Soho Leica looting -- lots of cameras rollling - the nice neighbors probably saw the tags on those nice cars ---- any arrests?

[jto555]

23 hours ago, james.liam said:

 

You hit it on the head!

In addition, some larger retail vendors filed claims for business interruption and the underwriters refused to pay (don't know their rationale; perhaps Force Majeur or blaming it on government orders to close) and have therefore filed for bankruptcy.

I am insured with brokers OBF in Ireland and AXA is the underwriter. Thankfully AXA have stepped up and are paying out for the Covid-19 interuption to business. The government did, at the start of the pandemic, "suggest" to insurance companies that they honor their commitments.

[LUF Admin]

Sorry, we had to hide some posts here.

We have a „no politics“ rule in this forum – and the language in this thread went definitely in the wrong direction.

Andreas