Sasria reverses course on grid collapse claims
Buckling under client pressure, the state-owned insurer withdraws its controversial circular that denied coverage for a total collapse of SA’s electricity grid
10 May 2023 - 12:39
Facing pressure from clients, state-owned insurer SA Special Risk Insurance Association (Sasria) has withdrawn a circular stating it would not pay claims in the event of a total collapse of the electricity grid.
Sasria, which provides cover for strikes, riots and other forms of civil unrest, previously said from June 1 all its existing and new policies will exclude cover for electricity grid failure. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.