Legal Articles and Guides
New attempt to force 3Sixty Life into liquidation
Khandani Msibi, the CEO of the investment arm of the National Union of Metalworkers of SA (Numsa), has embarked on a new strategy to force the end of the curatorship of 3Sixty Life, the underwriter owned by Numsa Investment Company's Doves Group Holdings (DGH), reports Fin24.
Woman charged with killing niece in insurance scam
Agnes Setshwantsho (49) – charged in relation to the death of her niece Bonolo Modiseemang (30) in a multimillion-rand life insurance scam – will spend the next week behind bars.
Insurers count the cost of freak hailstorm
Johannesburg’s severe hailstorm this week is the latest headache for the insurance industry which is sifting through the influx of claims.
Insurers counting the costs of devastating storms
Short-term insurers are bracing for the claims that are to follow the recent storms that hit Cape Town, parts of Stellenbosch and Franschhoek, and places along the Western Cape’s southern coast.
Suspects in insurance payout scam arrested
Members of a syndicate alleged to have carried out 11 murders for insurance payouts are expected to appear in the Kariega Magistrate’s Court in the Eastern Cape today.
Hollard ordered to pay full benefit
Gauteng High Court (Johannesburg) Judge Ingrid Opperman has ruled interpretations by an insurance company are largely ‘inadmissible’ to a court after the company was challenged by a claimant who suffered a heart attack.
Discovery client ordered to repay R1.64m
A Pretoria homeowner has been ordered by the SCA to refund Discovery the R1.64m, plus other costs it paid him for a genuine storm damage and household contents insurance claim, because part of the claim related to emergency accommodation was fraudulent.
Insurance firm's case struck off urgent roll
The KZN High Court (Durban) has struck off from the urgent roll an application by insurance comparison group Hippo that sought to remove a Facebook post of a rival.
Discovery seeks to appeal stockbroker's payout order
Discovery Life has filed a notice for leave to appeal a High Court judgment that ordered it to pay a former stockbroker, who was charged and acquitted of murdering his girlfriend, more than R25m after it previously repudiated his permanent disability claim.
Motorist livid after insurer rejects his claim
A Cape Town motorist involved in a crash he claimed was not his fault, is seeing red after his insurance company rejected his claim almost a year after the incident occurred, reports IoL.
Prudential Authority to oppose 3Sixty Life’s SCA appeal bid
The Prudential Authority (PA) has said it plans to oppose underwriter 3Sixty Life’s application to the SCA to overturn its final curatorship.
3Sixty Life under final curatorship
Nine months after 3Sixty Life has been placed under interim curatorship by the Gauteng High Court (Johannesburg), Judge Fiona Dippenaar ruled that the insolvent funeral insurer, owned by the National Union of Metalworkers of SA (Numsa), should be put under final curatorship.
Loadshedding sees rise in power surge-related claims
SA’s biggest short-term insurer Santam saw a 60% increase in power surge-related claims by the end of June.
Class-action suit an option in collusion case
The eight insurance companies that are being investigated for collusive practices could, in theory, face a class-action suit by affected clients, if found guilty.
Expect long battle over seized documents
As the Competition Commission begins sifting through information to build a case against eight of SA’s top insurers that it claims could be involved in price collusion, Werksmans Attorneys’ Ahmore Burger-Smidt has warned of a potential drawn-out legal dispute between the parties over the seizure of documents.
