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The political turmoil in the Middle East and the Ukraine, the Ebola virus outbreak in West Africa and, most recently, Iceland’s Bardarbunga volcano system showing signs of eruption activity, all highlight the importance for South Africans to be covered for financial losses caused by unintentionally interrupted travel plans, or medical emergencies, while travelling abroad.
The 5.5 magnitude tremor experienced in Gauteng and other parts of South Africa on 05 August 2014, followed by the 4.6 magnitude earthquake three weeks later on 22 August in Johannesburg, brings to the fore a pertinent question about whether the local insurance industry is prepared to cover damage as a result of earthquakes.
Latest news of the hacking group/individual Lizard Squad which has taken down multiple online gaming sites, such as Sony PlayStation Network, and also grounded the American Airlines flight on which Sony Online Entertainment President was travelling due to a bomb threat Tweet, is yet another example of the power of cybercrime.
An earthquake measuring 5.5 on the Richter scale hit Orkney on 5 August 2014 and was felt in most parts of the country. It caused structural damage to buildings, leaving many with a great deal of questions regarding the structural integrity of buildings in South Africa.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?