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17 December 2020 | Business
A South African court today dismissed insurer Guardrisk s appeal against a previous ruling that found it was liable pay a Cape Town cafe s rejected coronavirus claim.
Like other insurers in South Africa and around the world, Guardrisk, the fourth largest non-life insurer in the country and owned by Momentum Metropolitan, has been battling with clients over its rejection of claims related to the impact of the pandemic on their businesses.
In South Africa, insurers argue that national lockdowns to stem the virus spread, forcing firms across many industries to shutter for weeks at a time, were not covered under their business interruption policies. ....

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