South African insurers face R4bn in claims from 500 virus-hit firms

Loss adjustment firm Insurance Claims Africa is pushing a host of big South African insurers including Santam , Old Mutual, Hollard and HIC Underwriting Managers to make payouts under business interruption policies sold to its clients.

But in countries including Britain and the United States some of these claims have been rejected, prompting lawsuits or forcing regulators to step in to the fray.

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