Almost all South Africa's big short-term insurers have pulled, or plan to remove, grid failure cover from their policies this year.
This comes as the"unprecedented levels of load shedding" in the country have prompted global reinsurers to pressure local insurers to reduce their exposure to business interruption claims arising from the failure of public utilities and public telecommunications, says Santam. It began with Old Mutual Insure last year. The insurer told News24 that it introduced a"grid failure exclusion" in July 2022 to new policyholders, and from 1 November 2022 when existing customers renewed their contracts.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Why Business Talk is South Africa’s leading online business talk showBusiness Talk with Michael Avery is South Africa’s top online business talk show and continues to grow in popularity.
Fonte: BusinessTechSA - 🏆 24. / 61 Leggi di più »
Carol Paton | Ramaphosa prepares for his 7th SONA, but his legacy is already in tatters | BusinessOPINION | President Cyril Ramaphosa gives his seventh State of the Nation address on Thursday. Will he be able to turn things around? asks politicsblahbla. politicsblahbla Short answer? No. politicsblahbla Nope politicsblahbla No
Fonte: News24 - 🏆 4. / 80 Leggi di più »
Business Maverick: Biden’s renewed push in Southeast Asia sees more in favour of USA growing number of Southeast Asians would choose the US over China if the region were forced to pick sides, according to a new poll that shows renewed engagement by the Biden administration is starting to pay off.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »
China has a global spy balloon operation collecting military intel, officials say | Business InsiderA top Pentagon official said the Chinese program has operated for several years and spans multiple continents and regions. Because they’re so much better than space satellites 🙄. We’re now at the point where our local publications just regurgitate whatever their US maters print!
Fonte: BISouthAfrica - 🏆 34. / 51 Leggi di più »
Economy, load shedding tops Durban business' SONA wish listA list of solutions, strategies and a timeline is what the Durban Chamber of Commerce & Industry is hoping will come out of the State of the Nation Address. start governmentsalaryshedding to help the whole country coz the majority of us a battling just to put food on the table and just survive and they just do not care for any of us, just about how much they can put in there pockets
Fonte: ecr9495 - 🏆 38. / 51 Leggi di più »