Brokers, clients looking for contract certainty with grid-collapse exclusions
SAIA is concerned about consumers’ perceptions of the insurance industry as covers are removed but premiums increase.
Loadshedding
Update: Sasria U-turn on cover for damages related to electricity grid collapse
Companies should consider drawing up disaster management plans.
Monday briefing: a round-up of recent financial news
Busa lobbies for medical schemes under NHI | Few equity funds beat Alsi | High-targeting absolute return funds underperform | RAF to approach ConCourt over Discovery ruling | ‘Windfall tax’ from loadshedding | Alexforbes acquires stake in TSA
Big increase in damage to appliances and food spoilage because of blackouts
Loadshedding is having a more severe impact on consumers compared to a year ago, survey finds.
Santam introduces power surge excesses and exclusions as claims jump
What policyholders should know about the general exclusion for damage caused by electricity grid failure or interruption.
Santam introduces exclusions for losses following loadshedding and other electricity grid interruptions
No doubt, other insurers will soon follow suit.
Don’t leave your client in the dark – SAIA advice for your clients
Earlier this month the whole of South Africa was impacted by load shedding. South Africans were scrambling to keep up to date with load shedding phases and schedules to ensure they have gas, […]
