Fri. Nov 22nd, 2024

Insurance companies inundated with claims for damages due to looting

Insurance companies inundated with claims for damages due to looting

SA Special Risk Insurance Association - Sasria - says it's been inundated with claims for damaged properties and assets linked to the ongoing violent protests taking place in KwaZulu-Natal and Gauteng Provinces.
The state-owned insurer estimates the claims to run into billions of rand.
Sasria has admitted that it is likely to take months to process the many claims related to the ongoing unrest.

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