Tag: property damage

A recent decision from the United States Court of Appeals for the Seventh Circuit, in the matter between Hammond Power Solutions Inc. vs National Union Fire Insurance Co. (2025), provides important guidance on the interpretation of exclusions in commercial general liability (CGL) policies.

The world in which we grew up is changing. The weather is no longer as predictable as we remember. We can no longer set our clocks by an afternoon Highveld storm. We also cannot reliably mark the transition of the seasons. Climate change is real. It brings unpredictable weather patterns and uncertainties that extend beyond the environment and into our financial security.

Businesses have ranked political risks and violence as a top 10 global risk for the past three years, according to our Risk Barometer 2025. This demonstrates that soaring civil unrest and protest activity has become a key concern for companies of all sizes.

Protecting assets that generate rental income is vital to ensure financial security and to avoid unexpected liabilities or losses. Renting out a room, apartment or even an entire home can be a great way to earn extra income.

Insurance disputes and appraisals often arise when determining the value of damaged or destroyed property under policy limits. Disputes often arise between insurers and policyholders regarding the value of insured property. Some of these disputes are resolved with little difficulty, as the value can be relatively easily established.

The past year has seen a significant increase in the number of people looking to invest in solar technology for household use. However, despite the convenience, cost-saving and home upgrading potential that comes with renting or owning solar panels, it also comes with several risks.

South Africa joins over 60 countries that will head to the polls in 2024, with heightened risks for civil unrest reminiscent of July 2021 top of mind. 2024 has been dubbed the election year, with voters in more than 64 countries heading to the polls.

Events such as the COVID-19 pandemic and rising levels of cybercrime are encouraging insurers to revisit their policy wording to exclude certain events. Over the past three years, the world has suffered serious humanitarian and financial losses from the COVID-19 pandemic, climate change and catastrophic weather, political unrest and wars in central Africa, Europe and more recently, the Middle East.

Are you thinking of buying property? It is a big investment and needs careful consideration. Once the finance is approved on your dream home, you need to be able to keep it safe along with the belongings housed within it as well.

For most landlords, tenant evictions are a last resort, due to the substantial expense, lengthy time and emotionally taxing nature of this complex process. However, with the Q2 2023 PayProp Rental Index revealing that the number of tenants in arrears has risen to an alarming 18.4% - the highest figure recorded since 2021 - many have found themselves with no choice but to seek legal recourse.