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‘Insurance firms must pay up now’

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ICA is handling claims on behalf of more than 700 claimants from the tourism sector. Picture: iStock
ICA is handling claims on behalf of more than 700 claimants from the tourism sector. Picture: iStock

BUSINESS

The delaying tactics of insurers who have been trying to gain time for nine months while tourism organisations were bleeding to death must stop now that Guardrisk has been reprimanded in the Supreme Court of Appeal, says the Federated Hospitality Association of SA (Fedhasa).

On Thursday, five appeal court judges unanimously dismissed Guardrisk’s appeal with costs.

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