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Insurance 101: Are you fully aware of the costs associated with fire damage?

31 March 2015

The recent fires across the South Peninsula in March have highlighted the extreme damage which a fire can cause. The seven-day fire in Cape Town resulted in the damage of 13 houses and 500 people having to be evacuated from their homes. A total area of 6900 hectares of land was also effected, which is expected to cost approximately R6 million in damages.

Don’t rest on your laurels as liability trends continuously evolve

26 March 2015

If you were trend spotting in the fashion industry, you would most likely pick up on the latest trends before anyone else does. This is a function the insurance industry would desperately like to do as we move towards a more risk based society.

Protection for 'cross-fire' unrest damages

23 March 2015

The recent surge in civil unrest, often occurring in the form of violent protests such as the recent ones in Randfontein, has caused many South African citizens great concern. Recent reports by Multilevel Government Initiative at the Community Law Centre suggest that violent protests in the country reached a crest in 2014, increasing in that period to 218, from the 204 recorded in 2009. While 2012 was the most expensive year due to unrest from an insurance claims perspective according to Sasria, the state-owned insurance provider specialising in political and national risk, this upward trend is set to continue into 2015.