Santam makes headway in processing business interruption claims

SA’s largest short-term insurer Santam said on Thursday it was making good progress in processing business interruption claims, which been the subject of much controversy between the short term insurers and businesses battered the fallout of Covid-19 pandemic.

At the heart of the issue was whether businesses could claim for damages resulting from the hard lockdown imposed by the government as opposed to damages resulting from an actual outbreak at its premises...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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