Insurers say London riot losses "well over £100m”

Damage from riots in London has cost the capital "well over £100m" in insured losses, an insurance industry group has said.

The Association of British Insurers has raised its estimate of the damage from three nights of violence and looting across swathes of London from “at least tens of millions” to more than£100m after it received more information from its members.

"It is too early for us to have an accurate picture of total costs, especially business interruption costs, but insurers are expecting significant losses," said ABI director of general protection and health Nick Starling.

Large commercial insurers such as RSA and Aviva face large claims from policies covering homes, cars, shops and other businesses, as well as possible further claims for business interruption where businesses have to remain closed.

Individual companies have said they cannot yet estimate their specific losses and are focusing on helping their customers at present.