UPDATE: ABI expects riot costs will hit £200m

Initially, the ABI estimated the riots - which broke out on Saturday night after the police shooting of Tottenham man Mark Duggan - would cost "tens of millions" of pounds in damage and clean-up claims. On Tuesday it revised this figure up to £100m but has since increased its estimate again after further riots broke out across the country. Nick Starling, director of general insurance and health at the ABI, urged people whose property has been damaged by the riots to contact their insurers straight away. "Insurers are working as quickly as they can to deal with claims. However, acce...