Guardrisk has decided it is going to appeal the Western Cape High Court ruling that ordered the company to pay out business interruption claims of Cape Town restaurant, Café Chameleon. In the UK, the Financial Conduct Authority has taken eight insurers to the Supreme Court for a test case. While the judgment said Guardrisk ought to pay, it did not say how much. Court should also clarify who has a valid claimHe said court processes should also clarify how a valid claim is defined. Bam said ultimately, it is the courts that will determine who has a valid claim.

Source: News 24 July 13, 2020 18:56 UTC