Breakdown Nation: Insurance scrambles with claims as Eskom collapses from global leader to local pariah

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Breakdown Nation: Insurance scrambles with claims as Eskom collapses from global leader to local pariah
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As SA comes to grip with Eskom’s worst performance in recent memory, insurance companies reveal a dramatic increase in claims related to load shedding. Meanwhile, airlines are reporting thousands of missed flights as load shedding impacts on travelers.

By Londiwe Buthelezi recorded a 60% increase in claims for damage to sensitive electronics because of power surges caused by load shedding in the first half of 2022.

The country's biggest short-term insurer said it saw power surge-related claims spike across its personal and commercial insurance portfolios, while the lights being out has also pushed up the number of burglaries and car accidents.By Kyle Cowan At a glitzy event in New York in December 2001, Eskom was named"Best Power Company" at the Financial Times' Global Energy Awards.

Load shedding has had another consequence for weary consumers as some travellers miss their flights because they cannot not receive urgent alerts about schedule changes, or when load shedding slows down traffic on the way to the airport.

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