May 1, 2020 | Articles, Latest Insurance Articles, Short Term Insurance News
In the weeks since South Africa’s Covid-19 lockdown started, local insurers appear to be embracing the Treating Customers Fairly (TCF) principles even more so than required by law under normal conditions. Sustaining this could stand the industry in good stead...
Apr 17, 2020 | Articles, Latest Insurance Articles, Short Term Insurance News
On March 12, 2020, a plaintiff shareholder filed a securities class action lawsuit against Norwegian Cruise Line Holdings, alleging that the company was employing misleading sales tactics related to COVID-19 bookings and cancellations¹. Another D&O claim was...
Apr 10, 2020 | Articles, Latest Insurance Articles, Short Term Insurance News
The cost of living in countries with volatile currencies – like South Africa – is likely to decrease as the novel coronavirus wreaks havoc in in the foreign exchange market and on domestic demand, The Economist predicted on Thursday. Presenting the...
Apr 3, 2020 | Articles, Latest Insurance Articles, Short Term Insurance News
A showed a sharp spike in network attacks between 15 March and 21 March, with affected devices increasing in number from the 20 000/30 000 average to peak at approximately 310 000 over these few days. This is according to a Kaspersky Lab report, which states...
Mar 27, 2020 | Articles, Latest Insurance Articles, Short Term Insurance News
The world is close to running out of space to store all the fuel that jets are no longer burning. Only about 20% of land-based storage for the product remains — about 50 million barrels — while airlines cut flights, according to Vienna-based consultant JBC...
Mar 20, 2020 | Articles, Latest Insurance Articles, Short Term Insurance News
Kaspersky dubbed 2019 ‘the year of ransomware attacks on municipalities’. This followed research which showed that hundreds of municipal institutions across the globe were targeted by ransomware during the last year – where South Africa was not immune. While attacks...
