South African insurance companies are rethinking their extreme weather policies, which may create a dangerous gap in the market. Image: FileSouth African insurance companies are rethinking their extreme weather policies, which may create a dangerous gap in the market. Image: File
Several vicious winter storms have brought snow, hail, rain and wind to most of the country this week, leaving a trail of destruction in their wake. Roofs separated from buildings, widespread flooding in low-level areas, homes and cars damaged by fallen trees – the risk for South African insurance companies is into the stratosphere.A familiar sight this winter in Mzansi’s Southern areas, as repeated winter storms lash the country.
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