Insurance claims handlers are tasked with navigating the intricate web of policy coverage, assessing damages, and ensuring prompt resolution for policyholders. Amidst the flurry of processing claims, it’s essential not to overlook a critical aspect of the role: the recovery process.
While the primary focus is often on addressing the immediate needs of policyholders, overlooking
In a January 2024 judgment the Labour Court reaffirmed the principles pertaining to the doctrine of common purpose in relation to violent acts committed by groups of employees during strike action.
In November 2018, about 2500 employees of a pharmaceutical retailer embarked on a protected strike which was subject to picketing rules. Following non-compliance with
This blog was co-authored by Michael McCarthy, trainee associate, litigation insurance.
On 20 March 2024 the Financial Sector Conduct Authority published a number of administrative sanctions for financial services providers who had failed to comply with the Financial Intelligence Centre Act (FICA). The FSCA, the supervisory body responsible for financial services providers under FICA, issued
On 8 April 2024 the Supreme Court of Appeal delivered a judgment affirming that the residence of the defendant alone does not confer jurisdiction on the South African courts where no other link exists between the claim and the jurisdiction of the South African courts.
A South African company sought an order in terms
In case you as an FSP missed it, FSCA Communication 13 of 2024 (FAIS) updates FSPs on the manner and process for future submissions of annual financial statements and other statutory returns required under section 19 of the FAIS Act and other applicable subordinate legislation. The communication includes a useful User Guide on the process.
In the course of a judgment dealing with two reinsurance contracts, issued within days of each other with different jurisdiction clauses, the court made the following remarks in passing regarding the description of the one contract as ‘the signed slip’:
“That terminology brings to mind the practice … whereby a binding contract would be included
Water damage cover under a property policy excluded losses from “water that backs up or overflows or is otherwise discharged from a sewer, drainpipe …” except as provided for in additional coverage. The additional coverage insured “water that backs up or overflows from a sewer or drainpipe” but “the most we will pay for loss
“Shadow trading” occurs when someone possessing insider information about a company thereby possesses inside information about another company and trades in the shares of a similarly situated competitor.
A senior executive of a biopharmaceutical firm received confidential information about the impending takeover of his former company. Within seven minutes after receiving an email about the
The plaintiff bank gave a loan to a trust at a time when there were only two trustees instead of the requisite three to bind the trust. The bank conceded that therefore the loan agreement and mortgage bond were invalid. The bank sued under an enrichment claim that the trust was enriched to the extent
Per- and polyfluoroalkyl substances (“PFAS”) are a group of synthetic fluorinated substances. PFASs are “forever chemicals” because they do not break down via a natural processes and are subject to significant regulatory action.
Recently the Swedish Supreme Court t-486-23-eng.pdf (domstol.se) dealt with a PFAS liability claim arising from drinking water contaminated with PFAS.
The