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Santam recorded a 60% increase in claims for damage to sensitive electronics because of power surges caused by load shedding in the first half of 2022.
The period already marked SA's worst year on record for power cuts, while load shedding has since returned with a vengeance, once again escalating to Stage 6 this week.
The country's biggest short-term insurer said it saw power surge-related claims spike across its personal and commercial insurance portfolios, while the lights being out has also pushed up the number of burglaries and car accidents.
