Santam to start processing business interruption claims in wake of court rulings
6 January 2021 8:31 PM
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Santam finally accepts it's liable for contingent business interruption claims. Wendy Knowler on the pandemic's insurance sagas.
Insurance companies' refusal to pay business interruption claims related to the Covid-19 pandemic has seen a slew of cases taken to court.
According to the argument put forward by some insurers it's the lockdown and not the pandemic itself that led to clients' business interruption.
The only short-term insurer which initially paid out claims with no quibble... was OUTsurance. They admittedly did have a very small slice of that particular pie, but they got a lot of kudos for doing that.