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Insurers hit by rocketing power surge damage claims as load shedding drags.

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According to Anneli Retief, head of Dialdirect Insurance, the daily occurrence of load shedding in SA is much more than just a major inconvenience.

Philippa Wild, head of commercial underwriting at Santam, says Santam has also seen a significant increase in claims for damage to sensitive electronic items due to power surges, across its personal insurance and commercial insurance portfolios.Ricardo Coetzee, head of Auto & General Insurance, says it too has seen a big increase in road accidents. “The dangerous consequences of load shedding [are seen] when street lights and traffic lights are not working at night.
18 Jul 2022 4AM English South Africa Business News · Investing

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