Friday, January 15News That Matters

Tag: Santam

Santam begins processing rejected enterprise interruption claims, will appeal Ma-Afrika ruling

Santam begins processing rejected enterprise interruption claims, will appeal Ma-Afrika ruling

Latest
Santam SENS assertion: Santam will birth the job for assessing claims for policies with contingent enterprise interruption (CBI) extensions. The claims evaluation job will namely lisp to policies impacted by the present judgment in the Western Cape Excessive Court in the case between Santam and Ma-Afrika Inns (Pty) Ltd and Stellenbosch Kitchen (Pty) Ltd (“the Ma-Afrika judgment”) and the judgment of the Supreme Court of Charm (“SCA”) in Café Chameleon v Guardrisk Restricted. In step with the court rulings, this applies to Santam policies written by its Hospitality and Leisure Division (H&L).The Ma-Afrika judgment resolved that there may be cowl for enterprise interruption losses precipitated by Covid-19 itself and usually by the nationwide lockdown and connected restrictions imposed by go...