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Tag Archives | Insurance

crimestats

Crime stats and insurance fraud

“Crime likely to affect forthcoming tourist season” “SA is at war with itself” “Crime stats show that situation is ‘quite bad’” These are just some of the media headlines after the release of the annual crime statistics which revealed that over 21,000 murders were recorded for the 2018/2019 year, an increase of 686 over the […]

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House

Homeowner’s insurance – Beware of wear and tear

In 2018, 58% of complaints considered by the Ombud for Short Term Insurance (OSTI) under homeowner’s insurance related to claims for damage caused by acts of nature. These claims relate primarily to storm related loss. According to Ayanda Mazwi, a senior assistant Ombud, the primary cause for complaint, at 48%, was the rejection of claims […]

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Short-term

Short Term Insurance Ombud – Insight into how it operates

Business Day TV’s “You & Your Money” recently interviewed Edite Teixeira-Mckinon, the Deputy Ombudsman for Short-Term Insurance. Teixeira-Mckinon joined Bryan Hirsch, personal financial planner and author, to discuss the operations of the Short-Term Ombudsman’s office. In the interview Teixeira-Mckinon chats about the proposed amalgamation of the Short- and Long-term Insurance Ombuds’s offices, the upward trend […]

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