Discovery must pay R25m to ex-stockbroker who suffered mental breakdown
The life insurer acted unreasonably when it did not consider reports on the man’s incapacity after his policy expired, judge says.
High Court
Why the High Court rejected PSG Wealth’s defences against liability for client’s loss
PSG contended its liability for loss could not include instances where the client’s computer was hacked because of his negligence.
Financial services firm caught in email fraud must reimburse client
Hacker gets away with R800 000 after duping PSG Wealth employees twice within 10 days.
High Court provides guidance on BI claims by multiple policyholders under one policy
AIG rejected claims by aviation companies whose operations at different premises were impacted by the lockdown and Covid-19.
What requirements must an employer satisfy for retirement benefits to be withheld?
Court clarifies the grounds on which an employer may interdict a retirement fund from paying out a benefit.
Court makes punitive costs order against Guardrisk after finding expert’s evidence wanting
Insurer must pay R1.82m to a Ferrari owner whose claim was rejected on the grounds of reckless driving.
Prudential Authority, 3Sixty Life reach an agreement over curatorship
High Court appoints Fagmeedah Petersen-Cook as the life insurer’s final curator.
Guardrisk seeks summary judgment over unpaid premiums
Insurer and director signed a suretyship after intermediary allegedly used premiums to cover its own business expenses.
‘Bleak’ outlook for SA Post Office medical scheme
Financially threatened MediPos is placed under provisional curatorship
High Court rules on the inclusion of ‘on the road’ fees in credit agreements
National Credit Regulator wanted three vehicle finance houses to refund consumers OTR fees and interest charged since 2007.
Conveyancing attorney liable for R1.4m after fraudster intercepts email
Attorney also sought an order holding Standard Bank liable if the court found that he had to pay the respondents.
Cybercrime judgment has implications for FSPs that email bank details to clients
ENS was aware that business email compromise attacks were rife in the conveyancing industry, judge says.
Ruling on Old Mutual’s application to appeal R1.7bn Living Hands judgment
Outcome will have significant implications for the financial services industry.
Family goes to court after deceased’s life partner gets 100% of RA benefit
High Court considers the extent of the retirement fund’s investigation into the dependants.
High Court considers the meaning of ‘sudden’ in R7m liability claim
Transnet took Santam to court to recover the costs of rehabilitating soil contaminated after thieves broke into a fuel pipeline.
3Sixty Life petitions Supreme Court of Appeal over final curatorship order
This follows the High Court’s decision confirming its earlier judgment.
Court must rule on couple’s time of death to ensure correct beneficiary payment
High Court weighs witnesses’ testimony to decide whether a husband did, in fact, predecease his wife and beneficiary.
