513 results found

It is not unusual to have insurance claims approved but payouts being underwhelmingly low and/or slow.

When taking out insurance, honesty is not just expected, it's a legal requirement. The duty of disclosure obliges the insured to provide full and accurate information to the insurer before a policy is concluded.

On 3 July 2018, the Financial Sector Conduct Authority and the Prudential Authority published a joint communication ...

Policyholders and insurers alike should take note of a judgement recently handed down in the High Court of South Africa, Gauteng Division, Johannesburg.

Valentine's Day for Hippo was slightly unconventional this year. Instead of chocolates, flowers and dinner at a fancy restaurant, it involved onions, petroleum jelly, hot chillies...

Mining companies generally make financial provision for rehabilitation by virtue of rehabilitation trusts or financial guarantees through a financial institution or insurance policies.

The Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) have announced that Joint Standard 1 of 2024 (Outsourcing by Insurers) and Joint Standard 2 of 2024 (Cybersecurity and Cyber Resilience Requirements), will be effective on 1 December 2024 and 1 June 2025 respectively.

Once legal proceedings relating to a debt have started, does the subsequent substitution of one of the parties affect the prescription period for the debt?

In a matter of weeks, the festive season will be in full swing. This period usually comes with numerous lifestyle adjustments, including traveling, acquiring new items...

As if there have not been enough fires in the country for 2022, there is an expected rise in wildfires as the winter season is in full swing. With strong and harsh winds that naturally...

In a 2021 complaint trends report by the Ombudsman for Short-Term Insurance (OSTI), it emerged that an increasing number of motor vehicle accident insurance claims are being rejected and disputed...

On the backdrop of national lock-downs, government imposed sanitary measures and self-isolation; business owners are left with burning questions and neck-bending deliberations...

On 21 June 2018 Kuben Naidoo, the Chief Executive Officer of the Prudential Authority, published a communication which confirms that the Insurance Act, 2017 will take effect on 1 July 2018...

Recently, the Johannesburg High Court dismissed a personal injury case against an institution, finding no evidence of negligence or wrongdoing on its part.

The Communication confirms that previously registered insurers must, by no later than close of business on 1 September 2018, notify the PA that it is part of a group of companies...