UK riots to cost insurers "tens of millions"


LONDON (Reuters) - Three nights of rioting in London and other British cities are likely to cost insurers "tens of millions of pounds," the Association of British Insurers (ABI) said on Tuesday.

"It is too early for us to have an accurate picture of total costs, especially business interruption costs, but insurers are working hard to deal with claims coming in which will give a sense of the level and cost of damage," Nick Starling, ABI director of general insurance, said in a statement.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Hush money testimony expected to focus on payment to ex-Playboy model
Explainer-How Trump's immunity claim stalled 2020 election subversion case
Kremlin says U.S. long-range missiles sent to Ukraine will not change war's outcome
More than 100 inmates escape after rain damages Nigerian prison
African migrant disaster survivor haunted by weeks lost at sea
Most global tech leaders see their companies unprepared for AI
India's poll panel seeks responses to complaints against Modi, Rahul Gandhi
Russian missile damages civilian, railway infrastructure in Ukraine's Cherkasy region, air force says
Iran's judiciary confirms rapper Toomaj Salehi death sentence
Artificial intelligence offers an opportunity to improve EV batteries

Others Also Read