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ECONOMY-FINANCE

Here Is Why Floods Will Push Insurance Premius

https://www.iol.co.za/ios/news/floods-may-push-insurance-premiums-up-89b26176-38b4-43f5-b16c-d162beea494c?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1653733375 "Environmental change increments mean going ahead, expenses are probably going to increment after some time," said Santam's chief head of guaranteeing, reinsurance and global, John Melville, after last end of the week's second influx of flooding.

  2 months ago ago
Here Is Why Floods Will Push Insurance Premius

ECONOMY-FINANCE

Santam invests R840 000 in CDM

Santam handed over firefighting equipment, firefighting and disaster management training, and personnel protective clothing, worth R840 000 to Capricorn District Municipality. One of the country’s insurance giants has partnered with the Capricorn District Municipality to provide critical disaster management resources and training. As part of its ongoing Partnerships for Risk and Resilience P4RR initiative, Santam handed over firefighting equipment, firefighting and disaster management training, and personnel protective clothing, worth R840 000 to CDM.

  5 months ago ago
Santam invests R840 000 in CDM

BUSINESS

SOUTH AFRICA : Insurer 'refuses' to pay for coronavirus losses

Altitude Beach faces closure as Santam would not pay for an insurance claim as the insurer insists the business is not covered for lockdown losses . Altitude Beach in Fourways faces closure after its insurance company refused to pay out its claim for financial losses suffered during the coronavirus pandemic. The popular and luxurious spot is one of at least 2,000 companies in the entertainment and hospitality industry that have had their claims rejected by insurance companies. Most, if not all, of their claims

  2 years ago ago
SOUTH AFRICA : Insurer 'refuses' to pay for coronavirus losses

ECONOMY-FINANCE

Insurance company Santam to appeal Covid-19 insurance ruling...

One of the biggest insurance companies in the country Santam has now stated that it plans to appeal the decision made by the high Court, the ruling is that if a client launch a claim related to Covid-19 lockdown must be granted, it seems as though Santam does not agree with the ruling. Now the company has revealed that the matter is now under appeal and the final judgment is expected later this year or early next year. The company believes that Western Cape high Court did not really look at things such as causation

  1 year ago ago
Insurance company Santam to appeal Covid-19 insurance ruling...

BUSINESS

CEO of ICA says R1billion settlement by Santam and Hollard is not enough.

CEO of ICA says R1billion settlement by Santam and Hollard is not enough.  Some of the largest insurance companies (Santam and Hollard) in South Africa have agreed to provide interim relief to clients with business interruption insurance which includes the cover for contagious diseases.  This bought some light and a bit of hope for thousands of restaurant and hotel owners who are facing a financial crisis due to the lockdown restrictions in both the industries of hotels and restaurants as a result of the

  2 years ago ago
CEO of ICA says R1billion settlement by Santam and Hollard is not enough.

ECONOMY-FINANCE

Santam Registers Insurance Claims Related To Wave Of Looting And Violence

SA's biggest transient back up plan, Santam, booked an online media instructions last week about its Covid-19-related business interference claims, little understanding that come Monday, the organization would wrestle with a rash of cases originating from a considerably more emotional type of business interference. By close of business on Wednesday, the guarantor had enrolled 21 engine and 167 non-engine claims originating from mass distress and plundering in Gauteng and especially KwaZulu-Natal.

  1 year ago ago
Santam Registers Insurance Claims Related To Wave Of Looting And Violence