Insurance Law News
More newsDying for a cash in: Life insurance claims amid criminal investigations
South Africa grapples with one of the highest crime rates in the world, driven by a multitude of factors. The South African Police Service (SAPS) is significantly outnumbered by offenders, and its efforts are hampered by a lack of resources and inadequate training. Unfortunately, this situation has become a norm rather than an anomaly for SouthAfricans.
Insurance perils and more…
The recent floods in KwaZulu-Natal have triggered many insurance claims against insurers for losses suffered in connection with perils insured under a contract of insurance.
Assessing insurance claims in light of intentionally missed premium payments
In instances where someone fails to pay an insurance premium and it amounts to a repudiation of an insurance contract, the insurer need not provide an extension for the payment of a premium (grace period) regardless of the wording of the policy. This was held in the recent decision of the Supreme Court of Appeal (SCA) in the matter of Discovery Life Limited v Hogan and Another (389/2020) Zasca 79 (11 June 2021).