Finalising unrest claims could take up to 18 months, MPs told 🔒
The SA Special Risk Insurance Association — the state insurer that provides cover against civil commotion, including strikes and riots — says it will take up to 18 months to finalise claims related to the July unrest that left a trail of destruction in KwaZulu-Natal and Gauteng.
While it does not expect claims to top R20bn, Sasria, an entity falling under the National Treasury, warned that if that figure is exceeded it could wipe out its capital and reserves...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than 10.5-million Covid-19 jabs delivered & here's how many 18-34s have had itMore than half a million 18 to 34-year-olds have had the vaccine so far.
Read more »
SA crosses the 10 million Covid-19 vaccinations mark & here's how many 18-34s have got the jab so farMore than half a million 18-34 year olds got the vaccine over the weekend.
Read more »
SA crosses the 10-million Covid-19 vaccinations mark & here's how many 18-34s have got the jab so farMore than half a million 18-34 year olds got the vaccine over the weekend.
Read more »
Claims for unrest damage hit R14bn, state insurer saysSasria official does not expect claims to exceed R20bn, well below R50bn estimates that include indirect damage
Read more »
Sasria expects SA riot insurance claims of up to R20 billionState insurer Sasria expects riot claims of up to R20 billion after the unrest in Gauteng and KwaZulu-Natal in July.
Read more »