Severe Hailstorm in Johannesburg Puts Insurance Industry at Risk

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Weather Nouvelles

Johannesburg,Hailstorm,Insurance Industry

Johannesburg's recent hailstorm has caused significant damage and an influx of insurance claims. Insurers are still assessing the costs, but some have already reported a surge in claims. Naked Insurance co-founder Ernest North believes this event is the worst in the last three years.

Johannesburg's severe hailstorm this week is the latest headache for the insurance industry that could cost it dearly as it sifts through the influx of claims following the freak event. Although insurers are still counting the costs of the extreme weather event, some have already reported a significant increase in claim volumes from policyholders affected by the incident.

Naked Insurance co-founder Ernest North stated that this event is probably the biggest the insurance provider has experienced in the last three years

 

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