for subscribers

ANALYSIS | Is the lockdown claims saga behind us?

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Santam has joined a growing list of insurers who have decided to start assessing business interruption claims. But not all claims.
Photo: Gallo Images/Jacques Stander.
Santam has joined a growing list of insurers who have decided to start assessing business interruption claims. But not all claims. Photo: Gallo Images/Jacques Stander.

After months of legal battles and enduring the shaming of their brands on social media in the hopes that it will all be worth it in the end, South African short-term insurers have now accepted they have to pay some lockdown claims.

Almost all insurers - save for Outsurance and smaller players like Bryte and Incompass Insurance Consultants - spent most of 2020 arguing the lockdown was not covered by their business interruption policies.

The latest announcement by Santam that it too is now starting to assess the claims it initially rejected sets a new tone: that the industry has finally accepted that its defence was erroneous.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.09
(-0.16)
ZAR/GBP
21.02
(-0.23)
ZAR/EUR
18.22
(-0.19)
ZAR/AUD
11.62
(-0.25)
ZAR/JPY
0.14
(-0.54)
Gold
1734.50
(+0.02)
Silver
26.67
(+0.05)
Platinum
1186.51
(+0.42)
Brent Crude
64.40
(-2.56)
Palladium
2310.00
(+0.58)
All Share
66138.05
(-1.99)
Top 40
60754.30
(-2.11)
Financial 15
12200.05
(-1.09)
Industrial 25
86144.34
(-0.81)
Resource 10
67459.85
(-4.14)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1028 votes
No, I did not.
52% - 2566 votes
My landlord refused
28% - 1379 votes
Vote