Insurers face court action over unpaid Covid-19 claims
Claims totalling up to R4bn have been lodged by businesses in the tourism and hospitality sector
01 July 2020 - 17:54
Court action is looming against short-term insurers that have refused to pay policyholders for Covid-related damages under their business interruption policies.
Specialist public loss adjustment firm Insurance Claims Africa (ICA), which is representing just over 500 claimants from the tourism and hospitality sector with claims of between R3.5bn and R4bn, plans to bring an urgent application against underwriting agency HIC by next week...
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