As SA’s short-term insurance industry waits for a court ruling on the Covid-related contingent business interruption (CBI) claims most insurers have so far declined to pay out, Santam says it wants legal certainty — so that if it has to pay out, its own reinsurers won’t repudiate its claims.

This comes as disputes continue world-wide between insurers, clients and regulators over how to interpret the CBI clauses and whether Covid claims must be paid...

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