Printed from

Santam appeals indemnity period ruling

Posted On: Jan. 18, 2021 9:54 AM CST

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.

Read more.