Non-life

South Africa’s courts charged with untangling the business interruption riddle

The highly charged question of whether business interruption (BI) insurance will pay-out due to a national lockdown has spilled over from the Western Cape High Court into the court of public opinion. On 26 June 2020, the court ruled in the matter between Café Chameleon CC and Guardrisk Insurance Company. It determined, or so the consumer media has written, that insurers must recognise lockdown as a trigger to pay-out claims against BI insurance policies with infectious diseases extensions. The court’s decision was soon followed by an apparently abrasive media release from the Financial Sector Conduct Authority (FSCA), which was widely picked up by the media to lambaste insurers.

Insurers ordered to pay out restaurant business interruption claim

A recent High Court judgement has set a significant precedent and sent the hospitality industry reaching for the champagne bottles.

ICA welcomes FSCA BI insurance ruling - insurers cannot use the lockdown as an excuse to reject claims

What you need to know about your power surge insurance cover ahead of load shedding

As the country enters the height of the winter season in July, the risk of load shedding interruptions as a result of the pressured electricity grid is also quite high.