Insurance group Santam has stated that it “has taken note” of the ruling by the Western Cape High Court that the insurance group pay in full the business interruption claims of Ma-Afrika Hotels and Stellenbosch Kitchen, and also pay all of the claimants’ legal costs. The business interruption had been caused by the Covid-19 pandemic and the consequent government-imposed national lockdown. Despite the claimants having infectious and notifiable disease coverage in their policies, Santam had refused to pay out their claims. “The detailed and complex nature of the judgment, as well as its broader implications, means that it needs to be carefully considered,” said Santam in its statement. “It will also be important for Santam to discuss the implications of the judgment with all our stakeholders, including reinsurers, in order to arrive at a comprehensive response.”
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