France's riot damage doubles: How will businesses pay for the destruction?

The number of shops damaged during France's weekend riots has reached at least 3,000, twice the figure reported just a day earlier.Yet insurers, who are expected to pick up much of the bill, still have no estimate of what the destruction will cost them.France Assureurs, the country's insurance federation, told Euronews that its members were "fully mobilised to support affected policyholders".It could not provide an initial estimate of losses or say how many claims had been already filed.Its crisis team is now working with public authorities across France following what the federation described as "extremely violent events".French markets underperform as damage bill risesOn Sunday, Carrefour chief executive Alexandre Bompard, who also chairs the FCD retail federation, estimated that around 1,500 shops had been affected.He put the industry's losses at several hundred million euros.By Monday, the government's count had reached 3,000.Carrefour alone reported damage at 50 stores, including 20 that had…