Santam appeals indemnity period ruling
Posted On: Jan. 18, 2021 9:54 AM CSTSouth 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.