Insurer pays out more than R500 million in claims for catastrophic events, R16.1 billion in claims overall
The fresh ransomware attack of unprecedented proportions, estimated to have impacted at least 100 countries, and affecting massive global organisations such as FedEx, Britain’s national health and the German rail network has highlighted the severe implications of cybercrime attacks on businesses.
Whether you’re buckling up for a road trip or getting ready for some quality time at home over the holidays, these facts about your insurance will help ensure you’re properly covered.
The recent spate of fires in the winelands of the Western Cape has again brought the issue of the wine producer’s risk to the fore, with a number of wine farms being adversely affected. Shehnaz Somers, head of commercial underwriting at Santam said the company is still assessing the damage and loss as a result of fires spreading to well-known vineyards and guest farms in the winelands and surrounding areas over the past month.
Forecasts for neutral to La Niña conditions still remain valid with borderline La Niña conditions currently present. The expected rainfall in the first part of October over the eastern summer crop production areas did not occur but conditions are still favourable for rain in the second part of October. Cumulative rainfall forecasts until the end of December 2016 from the accuweather.com website indicate that between 300-400mm of rain is possible over the eastern areas.
Being a haulage company owner is not an easy feat. With the recent severe rains experienced across South Africa, coupled with fuel price increases and e-tolls, an unstable Rand, fraying road network infrastructure and a continuously escalating risk of hijacking, there is no denying the heavy haulage industry in South Africa is faced with many challenges