Western Cape floods cost Santam R200m in net claims
14 November 2023 - 19:53
SA’s largest short-term insurer Santam said on Tuesday severe flooding in the Western Cape and further losses from property fire claims weighed on its underwriting performance in the nine months to end-September.
Torrential rains over the Heritage Day long weekend damaged physical infrastructure in parts of the province, resulting in the flurry of claims from a broad spectrum of policyholders...
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