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Climate change has become a greater concern as heat waves, hail storms, severe flooding and fires become a regular occurrence in South Africa. The effects of climate change are evident and, as consumers claim for damages due to natural disasters, the impact on the insurance industry is significant.
In June 2017, South Africa suffered its worst natural catastrophe to date when a wildfire consumed the coastal towns of Knysna and George.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?