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Santam appeals indemnity period ruling


South Africa-based insurer Santam Ltd. has appealed the Western Cape High Court’s ruling on the insurance indemnity period for COVID-19 related business interruption losses, Middle East Insurance Review reported citing African News Agency. Santam has agreed to offer a full and final settlement to its hospitality and leisure clients for three months of losses irrespective of the fact that many policyholders have insurance cover for six to 18 months.

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