London riots to cost insurers 200 mn pounds
August 10th, 2011 - 7:02 pm ICT by IANSLondon, Aug 10 (IANS) Insurance firms in Britain have said the riots in London may cost them around 200 million pounds.
Thousands of home-owners and companies were expected to seek damages from the riots.
Insurance firms, however, said they expect to recover their costs from the Police Compensation Scheme, The Sun reported.
The Association of British Insurers chief for general insurance, Nick Starling said: “Insurers are working as quickly as they can to deal with claims.”
The association earlier put the expected claims bill “in excess of 100 million pounds”, but sources later said it would almost certainly rise above 200 million pounds.
London was largely peaceful Wednesday after witnessing over four days of violence as rioters stalked the streets, looted stores and burnt buildings. As many as 16,000 police officers have been deployed.
There were reports of unrest in Manchester, Salford, Liverpool, Wolverhampton, Nottingham, Leicester and Birmingham, BBC said.
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- London calm, violence grips other British cities (Second Lead) - Aug 10, 2011
- London rioters say it was a shopping spree (Lead) - Aug 12, 2011
- Police got tactics wrong, says Cameron as 1,300 held for riots (Lead) - Aug 11, 2011
- Vigilantes clash with police in London - Aug 11, 2011
- London riots: fourth victim dies - Aug 12, 2011
- British prison population reaches record high - Aug 12, 2011
- It was scary, says Sikh leader in Britain - Aug 10, 2011
- Cameron to rioters: You will feel full force of law - Aug 09, 2011
- India-England third Test in jeopardy as riots spread to Birmingham - Aug 09, 2011
- 450 held as riots singe Britain (Third Lead) - Aug 09, 2011
- England-India Test to go ahead, but riots worry players (Lead) - Aug 09, 2011
- All's good, says Kunal Kohli from Britain - Aug 10, 2011
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