Santam reacts to appeal court’s Cafe Chameleon-Guardrisk judgment

Insurer Santam has responded to the Supreme Court of Appeal judgment in favour of Cafe Chameleon, after restaurant took its insurer, Guardrisk, to court for failing to pay out its business interruption insurance.The insurance giant explained in its statement that matters involving contingent business interruption were complex in nature and required careful consideration.

“Santam’s application for leave to appeal the Ma-Afrika judgment was scheduled to go before the Western Cape High Court on 8 December. However, the hearing did not go ahead, because the Ma-Afrika and Stellenbosch Kitchen legal team was not available to argue then or any other time this year. Santam is seeking an expedited date to argue the application early in the new year.”

Source: Law Daily Report (lawdailyreport.net)

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