Insurance Claims Africa says the Financial Sector Conduct Authority has asked insurers and other interested parties to put forward proposals about SA's business interruption test case by the September 14. Fin24 approached the FSCA to confirm whether it will indeed have a test case in SA. "If they do go the test case route, I think it would be difficult," said Woolley adding that it will take months before any ruling is made, and the Santam case is, in his view, enough as a test case. If the test case goes ahead, he hopes that all 12-odd insurers who have contagious or infectious disease extensions on their products will participate. The Western Cape High Court has already ruled in one case against Guardrisk that the insurer should cover Cape restaurant Café Chameleon's lockdown losses.

Source: News 24 August 26, 2020 15:02 UTC