Appeal court throws out insurer's Covid-19 business interruption case

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Canada News News

Guardrisk appealed after the Cape Town high court said it must compensate Cafe Chameleon, in Plattekloof, for revenue lost as a result of the lockdown.

The high court ruling was handed down in June and has been followed by several others which all came to the same conclusion about several insurers' refusal to pay business interruption claims.

Cafe Chameleon's appeal victory, announced in a ruling on Thursday penned by judge Azhar Cachalia, sets a precedent for the other cases which insurers have taken to the appeal court.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA

Canada Canada Latest News, Canada Canada Headlines