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Insurers balk at covering Portland businesses; brokers say downtown upheaval has made carriers wary

Insurers balk at covering Portland businesses; brokers say downtown upheaval has made carriers wary Updated Dec 12, 2020; Posted Dec 12, 2020 Mercantile, a locally owned clothing store in downtown Portland, has kept boards on its windows since it was looted on May 30. (Photo by Jamie Goldberg) Facebook Share Eric Murfitt watched helplessly from a live security feed as looters trashed his downtown clothing store, Mercantile, during a riot on May 30. Murfitt said the business suffered $1 million in losses due to the break-in and had to file an insurance claim to stay afloat. But in November, Murfitt was informed that his insurance carrier would not be renewing the store’s policy. Nearly a dozen other insurance companies declined to even offer Mercantile a quote.

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