Tag: Business Interruption (BI)
Why investors should care about cybersecurity
Investors need to consider cyber preparedness in their investment decisions. Today, 100% of companies rely on the internet to operate, compared to the one-in-four 10 years ago, according to a study from Accenture.
Reflections from 2020 as a positive outlook is projected for 2021
Transformation and innovation make 2020 a year to remember as pandemic catapults new digital service offerings to elevated heights. We have embraced 2020 with a strong focus on people and health and safety; innovative technology and finding solutions to keep customer service at an all-time high.
COVID-19 BI claims – Santam faces urgent court applications
Santam faces a litany of urgent court applications for flaunting the regulatory boards’ warning and refusing to pay out valid COVID-19 business interruption claims. A flood gate of final demands have been issued against insurance giant Santam in respect to business interruption claims from insured business owners and respondents across South Africa that Santam refuse to pay out despite the insurance regulatory authority’s direction to do so.
JUDGEMENT | Insurance company compelled to honour Covid-19 business interruption claims
The Western Cape High Court decision to compel insurance company Guardrisk to honour the COVID-19 business interruption insurance claims of Cafe Chameleon, a Cape restaurant, is to be applauded.
