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Getting to grips with new binder regulations

16 February 2012

Towards the end of last year National Treasury published amendments to regulations of both the Long-Term and Short-Term Insurance Acts. The changes stem from the Insurance Laws Amendments Act of 2008, which introduced provisions on binder agreements for t

Western Cape fires a social catastrophe as many victims have no financial cover

09 February 2012

The financial impact from recent fires in the Western Cape could easily run into millions of rands in damages according to local authorities. This is made worse by the fact that many of those hardest hit are uninsured and will therefore be unable to recov

Flooding: Santam calls for increased precaution ahead of forecasted heavy rainfall months

20 January 2012

Last year, flooding in seven South African provinces cost the country around R160 billion in economic losses, according to the Department of Social Development. In the same year, Namibia had the heaviest rainfall in 120 years, Australian losses from Stor