Severe Hailstorm in Johannesburg Puts Insurance Industry at Risk

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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