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Old Mutual Insure is warning residents on the Southern Cape region to be extra vigilant and take precautions given the intense flooding the region is experiencing. The major flooding has caused traffic chaos, forcing road closures while homes and buildings have suffered flood damage.
Time to batten down the hatches if you’re based in KwaZulu-Natal. The South African Weather Service has issued a yellow level 2 alert for severe thunderstorms heading to this region, with disruptive rains, damaging winds and significant amounts of hail forecast. The summer season often brings severe hailstone ‘storms’ that cause costly damage to cars and infrastructure.
The outbreak of Covid-19 in South Africa and the various levels of lockdown that came to characterise the ’new normal’, have had a profound effect on how South Africans socialise and occupy their spare time. It should come as no surprise that many people have decided to embrace new sports and hobbies, particularly ones that involve the outdoors.
Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, has today launched the first retail parametric cyclone insurance product in Northern Australia.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?