SA insurers could be liable for billions after Santam's Covid-19 court loss
The Western Cape High Court ruled on Tuesday that Santam is to pay full business interruption losses, including those related to state restrictions
18 November 2020 - 08:07
Santam’s court loss in its battle over Covid-19 business interruption claims could put SA insurers on the line for billions of rand, after the Western Cape High Court ruled that SA's largest short-term insurer was fully liable for all losses suffered by some of its clients during the pandemic.
The unprecedented economic affect of Covid-19 has prompted global legal battles over the extent insurers should pay up, with more than 1,000 legal cases launched in the US alone...
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