Tag: insurance

A recent Cape High court judgment contains some useful guidance for insurers in adjusting COVID-19 business interruption claims involving recovery or remission of rental.

Insurance is a mature and historically stable industry, operating on established, reliable business strategies and methods. However, when digital technology really began to take hold with consumers, it upended traditional insurance models.

In a tough economy, which we are all too familiar with lately, it can be tempting to try to make extra money – or save money – wherever possible. Job losses or reduced income could lead to considering new ventures and gaining a new income stream, or starting a business from home.

The next few weeks (and beyond) will be a testing time particularly for smaller businesses. Best to see it as a stress test, a way to make your business stronger.

An interview with Raynold Tlhavani, Partner Webber Wentzel, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing business interruption insurance in the light of impact of COVID-19.

The out-break of Covid-19, which originated in China and has since spread to most of the world, is one of the most serious threats to public health in recent times and has now been designated as a pandemic by the World Health Organisation.

Labour discontent, taxi strikes, protests, xenophobia … the incidences of general unrest across South Africa are rising and, while some are peaceful, the numbers that are escalating to violence and looting are alarming. In these chaotic scenes, criminals take advantage. Intelligent, analytics-enabled CCTV systems can make all the difference when it comes to identifying them, getting justice and claiming from insurance.

On 9 August 1956, over 20,000 women of all races and ages from every corner of South Africa marched together towards the Union Buildings in Pretoria. These brave women were marching in protest against the pass laws that proposed even further restrictions on the movements of women.

Businesses and households were left scrambling to keep the engines and the lights on after the national power utility, Eskom, suddenly plunged South Africa into darkness over a week ago. Speaking in Parliament on Tuesday last week, Minister of Public Enterprises, Pravin Gordhan alluded to the fact that Eskom was facing structural, operational and financial challenges.

The executives of Momentum insurance appeared recently to have been coerced under popular pressure into making payment of a void policy, thereby upending over 250 years of sound global application of the common law.