The judgment will have far-reaching implications for other insurers facing similar claims
Cafe Chameleon, a Cape Town restaurant, is the first to win a court case against an insurer for payment of damages arising from a business interruption policy due to the Covid-19 pandemic.
The judgment which establishes the liability of the insurer for the claim could have far-reaching implications for other short term insurers who face similar claims amounting to about R4bn.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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