Short-term insurer Santam has opted to hold on to its interim dividend as it continues a legal battle over business disruption claims following the Covid-19 lockdown.
Santam has appealed an application brought against it in the high court in Cape Town by Cape-based hotel group Ma-Afrika Hotels, and is awaiting a ruling. Should the courts ultimately rule in Santam’s favour and determine that the lockdown is not an insured peril, then the amount paid will still be considered relief payments in respect of registered claims to policyholders and will not be recovered from policyholders, the group said.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
WATCH: Covid-19 business interruption precedent awaitedMichael Avery talks to a panel about the ongoing legal battle for business interruption insurance payouts
स्रोत: BDliveSA - 🏆 12. / 63 और पढो »
Denny mushrooms owner Libstar holds on to cash as earnings dropCompany is unsure if high spending by consumers in the six months to end-June will continue
स्रोत: BDliveSA - 🏆 12. / 63 और पढो »