Santam has lost its appeal against a decision by the high court that it must pay out contingent business interruption claims to Ma-Afrika Hotels and Stellenbosch Kitchen for the full 18-month period covered in their insurance policies.
SA’s largest short-term insurer, Santam, had contested the November 2020 ruling against it by the Western Cape High Court, saying its policy wording meant it was only liable to pay out for three months. However, on Thursday, the Supreme Court of Appeal dismissed Santam’s appeal with costs, meaning it would have to pay out Ma-Afrika and Stellenbosch Kitchen in full...
So the visual is of sanlam not santam. But does anyone care?
show us SANTAM not SANLAM please.
Weird how these insurance companies want your money but when its time for them to do what they supposed to their clam up...