Top story | Santam business interruption ruling brings legal certainty for beset insurers 🔒
In a ruling that brings legal certainty on an issue that hurt the reputation of short-term insurers and soured relationships with clients, Santam has lost its appeal against a decision that it must pay businesses affected by the pandemic and lockdowns in full.
The decision by the high court means that Santam must pay out contingent business interruption claims to Ma-Afrika Hotels and Stellenbosch Kitchen for the full 18-month period covered in their policies...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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