Policy wordings with respect to COVID-19

Danny Joffe, Publications

Policy wordings with respect to COVID-19 When COVID-19 arrived on South Africa’s shores, in March 2020, it impacted the entire South African economy and was completely unforeseen by Government and the Private Sector, and the financial services industry was no different. As the potential impact of COVID-19 became clearer, the Government had no choice but […]

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Update on the FCA Judgment on Business Interruption lockdown claims

Danny Joffe, Publications

The highly publicised legal dispute between British insured and the Financial Conduct Authority concerning whether insurers will be forced to indemnify policyholders for business interruption losses suffered as a result of the various government-imposed lockdowns has now finally been settled by the UK Supreme Court. They upheld the original judgment of the UK high court […]

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Business Interruption claims as a result of Covid 19 lockdowns in South Africa

Danny Joffe, Publications

Major court decisions underway in South Africa, Australia, and the United Kingdom Business Interruption is a section in a commercial policy (either standard commercial, assets, hospitality, or agriculture policies) that covers loss of profits or increased cost of working for a company as a result of an interruption caused to their business. Normally the interruption […]

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Treating customers fairly?

Danny Joffe, Publications

What constitutes a decent needs analysis? When the “Treating Customers Fairly (TCF)” outcomes framework were first released in many insurance jurisdictions including the UK and South Arica, outcome four stood out the most, as it appeared to change the current status quo within our intermediated environment. Obligations under the Financial and Intermediary Financial Services legislation […]

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