Wild weather drives insurance claim spike

28 July 2016 - 10:17 By Stephen Cranston

Short-term insurers returned from their annual conference at Sun City on Wednesday to a mountain of paperwork. All insurers have seen an unusual spike in claims for July as severe weather has hit all three SA’s major metropolitan areas.According to Willem Roos‚ CE of Outsurance‚ the leading direct personal insurer‚ there has been 10 times the usual number of weather-related claims for the last week in July — with 2‚000 such claims‚ mostly on the property book rather than the motor book.Outsurance insured one of the shops at Phumulani Mall in Tembisa that was severely damaged in Tuesday’s tornado."Though this isn’t the first time we have had a freak incident at this time of year — the 2014 Orkney earthquake happened on August 5‚" said Roos.Get all the details in Business Day...

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