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Significant Santam legal victory in dispute over vehicle storage costs
The insurer was entitled to provide security for the disputed balance of the storage costs to have the motor vehicle released and stop incurring further charges.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe insurer was entitled to provide security for the disputed balance of the storage costs to have the motor vehicle released and stop incurring further charges.
Loadshedding, inflation, and high interest rates are squeezing consumers’ finances.
What policyholders should know about the general exclusion for damage caused by electricity grid failure or interruption.
Two-thirds of CEOs expect unrest | Funds with exposure to Transaction Capital
OM concerned about lapses | OM 2022 results | Santam buys MTN’s device book | RAF seeks to appeal claims ruling.
But new business volumes from life insurance operations fall 10%.
Provides guidelines on how to avoid being caught out.
Another year of high pay-outs following Covid in 2020 and the unrest in 2021.
The intention of the grid failure exclusion is not to cancel power surge cover, the insurer says.
SA unit trust returns | Flood claims | Santam profits warning | Insuretech raises $17m | Sanlam-AfroCentric deal | Business account fees.
It says Smith played a key role in laying the foundation for the financial services group as it currently exists.
Tough claims environment weighs on short-term insurance business
Transnet took Santam to court to recover the costs of rehabilitating soil contaminated after thieves broke into a fuel pipeline.
No doubt, other insurers will soon follow suit.
Santam’s executive head of commercial and personal intermediated business, Andrew Coutts, has issued a communication to intermediaries setting out the factors that have made premium increases unavoidable. Coutts said households and businesses have […]
In a recent article, I quoted from a review conducted by Allianz Global Corporate & Specialty (AGCS) that examined developments in corporate insurance claims and highlighted the top causes of loss for companies, […]