News

FCLA come to Sars assistance

We are all aware of current construction inflationary factors and the worry must be that existing sums insured will be “challenged” in the event of a loss or claim. The issue will be compounded if the sum insured is inadequate which is quite likely in the context of “rolling renewals” where the original sum insured has become out of date and has failed to reflect year-on-year inflation. In some cases, there is little or no explanation for the origin of the sum insured other...

As demonstrated during the various Court Hearings associated with the Covid-19 business interruption claims, Courts or dispute resolution forums in different countries or jurisdictions are often influenced by a decision elsewhere. In this respect I came across a case in “Insurance News.com” which is an Australian publication, which I thought was very interesting in the context of both Policy Liability and Legal Liability and bearing in mind that Policy wordings are not dissimilar from jurisdiction to jurisdiction and that these cases can have persuasive...