Santam finally agrees to assess business interruption claims

But Santam refused to accept the outcome, arguing that the cases were materially different. This is despite its earlier position, where it wrote to the SCA asking to join its Ma-Afrika appeal with the Café Chameleon appeal.

“As South Africa faces a second wave of the Covid-19 pandemic, hope of survival is fast evaporating for many of these businesses who were counting on the summer holidays to carry them through to 2021.” Meanwhile, affected Santam policy holders must now provide Santam with audited financial statements and other documentation to support their claims.

Why did it have to take the Regulator FSCA_ZA and the Courts to make Santam pay? Is Santam going to compensate for the lost livelihoods caused by their despicable delaying tactics? NotSoGoodAndProperAfterAll InsurersFailTourism SantamInsurance

South African banks must come to the party. Why are they continuing as though the world is not facing a devastating pandemic..!

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BUSINESS MAVERICK: Santam finally concedes defeat in business interruption insurance battleAfter four losses in the high court and one appeal at the Supreme Court, Santam has finally conceded its liability for contingent business interruption claims. It has taken 10 months for SA’s biggest short-term insurer to buckle under pressure from the courts and the public. Thank God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. lisaMakT thank you for your proper management . Santam, taken kicking and screaming, by the Regulator FSCA_ZA and Courts to pay, shameful. NotSoGoodAndProperAfterAll InsurersFailTourism SantamInsurance
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Santam defends its stance on business interruption claim settlementsSantam has come under fire for limiting its payment of business interruption claims to just three months of losses as a “full and final settlement” of claims. Amazing personality with great leadership qualities chris_grey2 I believed in him and success followed. Initially I deposited $700 and in a couple of days I got $3,500. His credibility can’t be overlooked.
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Santam to reassess Covid-19 business interruption claimsHowever, the insurer says there are 'valid reasons' for it to appeal the indemnity period.
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