Santam starts assessing business interruption claims | Fin24

The potential outcome of the appeal may still impact Santam's assessment of the estimated net CBI claims.

This is in addition to those covered by Santam's hospitality and leisure division. Santam has about 4 000 commercial clients with CBI policy extensions that cover contagious and infectious diseases. The recent court judgments affected about 1 300 clients with claims for policies with CBI extensions in the hospitality and leisure division and Santam has earlier in January announced it will commence the processing of these claims.

Santam said it remains committed to resolving the outstanding matter relating to the indemnity period in policies written by the hospitality and leisure division. The company is appealing a judgment of the Western Cape High Court with respect to the length of the indemnity period. This matter only relates to the hospitality and leisure clients.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ster-Kinekor enters business rescue as cinema sector reels under pandemic | Fin24Ster-Kinekor announced on Friday afternoon that its board of directors opted to commence with voluntary business rescue on Wednesday, following what has been a hellish year for cinemas in the midst of the Covid-19 pandemic and national lockdown. | Fin24 Fin24 That's for overcharging us Fin24 Everything is dying. Even the tourism industry they try to boost will soon perish. There is no price regulation. Citizens of a country can't afford a BnB in Kruger National Park. Only international tourists can afford. We are doomed. Anc killing all and sund
La source: News24 - 🏆 4. / 80 Lire la suite »