Santam to appeal Ma-Afrika judgment
Santam believes the Western Cape High Court erred in its judgment, but has more than doubled its provisions for business claims
20 November 2020 - 13:46
SA’s largest short-term insurer Santam says it will appeal a Western Cape High Court finding that it is fully liable for all losses suffered by some of its clients during the Covid-19 pandemic.
The ruling could put insurers on the line for hefty payouts, and Santam was seeking to limit its payout period for continued business interruptions claims to three months, while the court ruled it is liable for 18 months...
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