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South Africa: ABSA agrees to settle earthquake damage claims

September 1, 2014 - 6:00am


ABSA Group Ltd. has said that it will cover claims for damages from the earthquake that struck the North West province on Aug. 5, reported The Citizen.

The 5.5-magnitude earthquake killed one and injured at least 34 miners, while also damaging 600 houses.

A study by the website Justmoney revealed that at least five insurers would not pay for the damage if it was a result of mining activity.

An official at ABSA said the bank received 1,100 claims related to the quake and it will pay customers at the earliest.

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