Insurance claims from riots to cost U.K. taxpayers more than $160 million

Now that the U.K. rioting appears to be drawing to completion, insurance companies are beginning to tally the cost of the claims that have and will be made by homeowners and businesses. According to insurers, the impact of the destruction over the long term may be significant, especially in terms of the insurance on property damage. That said, the effect that it has on insurers may be milder than it could have been as a result of a law that is older than a century and that makes the police…

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