News Formal

Market conduct regulator sides with businesses in battle against short-term insurers

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

Italia Notizia Notizia

TOP STORY | The FSCA says it will take action against short-term insurers which continue to reject claims under business interruption policies 🔒

In a victory for hundreds of small businesses facing ruin because of Covid-19 and the resulting lockdown, SA's financial services regulator has come out strongly against insurers refusing to pay out on claims caused by losses resulting from the pandemic.

The Financial Sector Conduct Authority says it will take action against short-term insurers which continue to reject claims under business interruption policies on the ground that losses were caused by the national lockdown and not the infectious or contagious notifiable disease covered by the policies.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Market data — July 9 2020Market data including bonds, unit trusts and fuel prices
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

MARKET WRAP: Rand firms as gold takes a little breatherThe JSE all share reached its best level in more than four months earlier, before retreating a little
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

MARKET WRAP: Platinum miners erase 2020 loses despite still-lower metal priceThe gold price has breached the psychologically important $1,800/oz, its highest level since 2011, as investors continue to pile into safe havens
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

Finding a job in the current market climate with Huawei AppGallery’s assistanceWith the scarcity of jobs now, standing out from a large crowd of job seekers is important. With an immaculate CV at hand, and the right job searching tools and resources, you could catch the eye of potential recruiters.
Fonte: TheCitizen_News - 🏆 6. / 75 Leggi di più »

Rand gains along with emerging-market peersThe US Fed indicates more stimulus as Covid-19 surges in that country, and investors move to safe-haven assets such as gold
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

FSCA slams insurers over business interruption stanceThe Financial Sector Conduct Authority says insurers avoiding paying business interruption claims where no grounds exist to do so are acting contrary to the Treating Customers Fairly regulatory regime
Fonte: IOL - 🏆 46. / 51 Leggi di più »