There is an element of irony that as Flood Re, the new Government backed scheme to offer flood cover to homes at risk of flooding in the UK, is launched, the Supreme Court has ruled that the 1886 Riot Damages Act, does not provide state protection for consequential losses (loss of profit and rent) following a riot pop over to this site. The state are responsible for damage to property following a riot, but insurers will now have to pay the consequential losses resulting from the damage estimated at £80m. The case involved the destruction of Sony’s Enfield warehouse during the London riots in 2011.
Following last month’s article about the EU Referendum, I was taken to task by an IT consultant over my comparison of the referendum scare stories with those of the millennium bug and I am happy to acknowledge that the lack of system issues reflected the work done by the IT industry in the run up to the millennium. My criticism was mainly aimed at the way the media sensationalised the risks at the time, although still feel there was an element of scaremongering and ‘jumping on the bandwagon’ from some sections of the IT industry at the time.