Insurers declare a catastrophe
The surge of claims related to Gauteng’s flash floods will now be registered under a single weather event
A number of insurers have declared a catastrophe as claims arising from Gauteng’s flash floods continue to pour in. "At midday today [Monday], Santam registered just over 900 claims stemming from the cloud burst, which caused severe flooding in the East Rand of Gauteng last week," said Fanus Coetzee, head of adjustment services at Santam. "In cases like this, Santam registers a catastrophe code under which all the claims related to this single weather event are registered." This follows an announcement from Aon SA, a risk adviser and insurance brokerage, stating that its client insurers had declared the area a national catastrophe zone following claims from the area. "To date we have received nearly 150 vehicle claims and more than 700 nonvehicle claims related to the flooding in the East Rand," Coetzee said. "At this stage it is quite difficult to say whether we expect many more claims in this respect as we are currently assessing the claims we have received." Hollard’s Warwick Blo...
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