ArticleA Significant Judgment On Claims-Made Professional Indemnity Policies And Late NotificationThe Plaintiffs operated restaurant businesses and appointed the Defendant, an insurance broker, to procure commercial insurance on their behalf. On 4 June 2019, the Defendant procured policies from Renasa Insurance Company Ltd...
ArticleWhat Is The Legal Position Regarding Insurance Claims That Take Long To Finalise?It is not unusual for many insureds to complain about unexplained delays in their insurance claims. More often than not, insureds undergo a very frustrating period whilst waiting for the outcome ofSouth AfricaInsuranceAdams & Adams
ArticleBuilding Information ModellingIn recent years, the construction industry has shown a greater interest in the benefits of partnering, integrated and collaborative working. South AfricaReal Estate and ConstructionClyde & Co
ArticleNew Accountable Institutions In Terms Of FICAAmendments to the Financial Intelligence Centre Act, 2001 ("FICA") (defining accountable institutions) were published on 29 November 2022. South AfricaTechnologyENS
ArticlePart 3.1 - Forms Of Business Organisations - Companies In South AfricaSouth AfricaEmployment and HRWerksmans Attorneys
ArticleSAM: Things You Need To Be Sure Your SAM Co-Ordinators Are On Track WithInsurance regulation as we know it will change – some say for the better, others are not so sure.South AfricaFinance and BankingKPMG, South Africa
ArticleEnhanced Protection For Financial Customers: Proposed Amendments To The 2017 Policyholder Protection RulesThe Financial Sector Conduct Authority has announced certain proposed amendments to the Policyholder Protection Rules for both life and non-life insurance. South AfricaInsuranceFasken
ArticleYear-End Functions And The Question Of Liability: What Employers And Insurers Should ConsiderAs South African businesses prepare for festive season celebrations, a critical question emerges: are employers adequately protected against the legal and financial risks that accompany year-end office parties? From alcohol-related incidents to workplace misconduct claims, the gap between celebration and catastrophe may be wider than most companies realize. South AfricaInsuranceAdams & Adams
ArticleWhen Can A Medical Scheme Cancel Membership For Non-Disclosure?In a unanimous decision recently handed down by the Constitutional Court, it was held that a medical scheme cannot cancel membership for failure by a member, during the underwriting process...South AfricaFood, Drugs, Healthcare, Life SciencesFairbridges
ArticlePolitical Risk Insurance: A Potentially Growing Role To Play In Encouraging Investment Into Developing Countries And Some Legal Aspects In Relation To The Operational Management Of Political Risk Insurance In JurisdictionPolitical Risk Insurance ("PRI"), which serves to protect assets and financial interests, offers a safeguard against adverse actions or inactions of governments and serves to mitigate...GlobalInsuranceENS
ArticleCorporate Insurance And Risk Management: Consumer Protection ActInsurers doing business in South Africa will now have to acquaint themselves with the workings and ramifications of the Consumer Protection Act, 2008 which comes into effect in October 2010.South AfricaInsuranceNorton Rose Fulbright South Africa
ArticlePrudential Standards Published And Commencement Notice Gazetted For The SA Insurance ActThe Prudential Standards for the Insurance Act have been published consequent to the Commencement Notice of the Insurance Act being gazetted.South AfricaInsuranceClyde & Co
ArticleThe Legal Responsibilities Of Private Security Companies In South Africa: Duty Of Care And "Reasonable" Security StandardsThe plaintiffs contracted with a private security company to provide them with a 24 hour Grade D armed security guard. South AfricaInsuranceWebber Wentzel
ArticleBrokers: Take Heed Of Your ObligationsAn insurance broker is retained to arrange house and contents insurance. For one reason or another he fails to do so. Yet he tells his clients he has placed the insurance.South AfricaInsuranceWebber Wentzel
ArticleKing Price Company Ltd Vs Concise Consulting Services (Pty) Ltd: When To Litigate And When Not To?On 13 April 2021, the Supreme Court of Appeal delivered a full bench judgement on the matter between King Price Insurance Company Ltd ("the insurer") and Concise Consulting Services South AfricaLitigation, Mediation & ArbitrationAdams & Adams
ArticleDraft Regulations Of The Short-Term Insurance Act Released For CommentThe Minister of Finance (the Minister) published proposed amendments to the regulations made in terms of the Short-Term Insurance Act, 53 of 1998 (the Insurance Act), on Friday 2 March 2012. South AfricaInsuranceWebber Wentzel