1: Insurance fraud committed by means of arson. Refers to a fire touched off by a putative lightning strike within the precincts of Leyton, a neighbourhood of east London with a reputation as a centre of urban deprivation. Perhaps coined by Linda Smith, English stand up comedienne.
2: Italian business insurance.
Egon Ronay: âNobody ever went to that fine Italian restaurant on the high street because it was next door to a funeral home. I hear that last week the place burned down.â
Linda Smith: âMust have been a case of Leyton lightning.â