The aftermath of The Riots likely to have long term implications for the Insurance market, Businesses and Homeowners

The recent riots in London and other cities in England have received much media coverage and scrutiny. Indeed the function of technology through social media and its role in the suggested collaboration of these events has marked these riots apart from others experienced to date.

Insurance companies are expected to take a sympathetic view to businesses affected by the riots – honouring claims for business interruption where there may not be actual physical damage. The Government has been quick to accept its obligations under the Riot (Damages) Act 1886 and Public Order Act of 1986, though aspects of the riot considered in light of this legislation raise questions regarding their interpretation.

Considering the extent of the riots, the number of claims and their total anticipated cost – scrutiny of the current system seems inevitable warn insurance experts.