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Press Archive »

Things to consider when buying and selling online

Published: Fri, 24 Feb 17

Online classifieds have become a hive of activity where millions of people trade. Criminals know this all too well and are ready to capitalise on unsuspecting buyers and sellers. “We’ve all heard of people who sold a car, only to find the EFT cancelled once the car was released, arrived at their holiday ...
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Save on your car insurance with these tips

Published: Fri, 24 Feb 17

The holidays may be over but the high risk of accidents remains. Even more alarming is the number of uninsured vehicles on our roads. Of all South African motorists, only 35% have any type of vehicle insurance. One of the main reasons is affordability – if consumers are cash strapped, insurance is often one ...
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Interpretation of insurance policy exclusions

Published: Thu, 23 Feb 17

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.     Traditionally, ambiguous exclusion clauses provide little or no protection because they will be interpreted narrowly and against the person who tried to exclude their liability (in ...
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Not all insurance policies are made equal

Published: Thu, 23 Feb 17

You know what they say… Assumption is the mother of all ffff-rustrations. The process of buying and insuring your car is simple for most: You find the perfect car, get a bunch of insurance quotes, sign on the dotted line, and leave your policy to collect dust (physically or figuratively). But there’s ...
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Tropical cyclone #Dineo wreaks havoc with our weather

Published: Wed, 22 Feb 17

A wild week of weather is on the cards for South Africa. Heavy rain, which could result in flooding, is predicted for large parts of the country as a ripple effect of Dineo, which hit Mozambique late last week. Warwick Scott-Rodger, Head of Dialdirect offers the following tips to keep in mind:   HEAVY RAIN: Try ...
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Cover for collapsed crane excluded by a contractor’s equipment exclusion (US)

Published: Wed, 22 Feb 17

By Daniel McConnell, Director Norton Rose Fulbright South Africa Inc. A New York Court of Appeals rejected a claim for collapse of a tower crane during Hurricane Sandy because the policy had an exclusion for ‘contracted tools, machinery, plant and equipment’. It rejected the insured’s submission ...
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Prepare for heavy rain and flooding in Gauteng, says Mutual & Federal

Published: Tue, 21 Feb 17

The South African Weather Service has issued a warning of heavy rains in Gauteng and other parts of the country this week. According to the warning, this could lead to localised flooding in parts of Gauteng, the North West, parts of the Free State, Northern Cape and KwaZulu-Natal. Mutual & Federal recommends ...
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Drivers warned of heavy rains and floods

Published: Tue, 21 Feb 17

Pretoria: The South African Weather Service (SAWS) has warned drivers to take good care when driving in rainy conditions, especially at night when it’s harder to recognise flood dangers. Hannelee Doubell of the SAWS told SAnews on Tuesday, that drivers should also increase the distance between cars as well as ...
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Feeling the pinch? Ways to save on your insurance

Published: Mon, 20 Feb 17

Johannesburg: The year has begun on a sore note for consumers; with two consecutive fuel price hikes so far, and another expected in March. The tax budget speech on Wednesday could also spell trouble for the pockets of South Africans. Consumers are no doubt feeling the pinch and, as any prudent person would, are looking ...
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Bruce Carnegie-Brown confirmed as next Chairman of Lloyd’s

Published: Mon, 20 Feb 17

            Bruce Carnegie-Brown                   Bruce Carnegie-Brown is to become the Chairman of Lloyd’s following a meeting of the Council of Lloyd’s where his appointment ...
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Euro Area: A Still Fragile Recovery with Political Uncertainty Ahead

Published: Mon, 20 Feb 17

By Coface, the international trade credit insurance company     According to the second estimate released on February 14th, euro area GDP growth in the 4th quarter of 2016 rose 0. 4% Q-o-Q, slightly below the consensus of 0. Q4 to Q3 comparison reveals that Western Europe (Belgium, ...
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South Africans urged to engage with 2017 Budget

Published: Mon, 20 Feb 17

Pretoria: South Africans are urged to engage with the 2017 National Budget Speech that Finance Minister Pravin Gordhan will table in Parliament on Wednesday. “The presentation of the National Budget is an important part of our open and accountable budget process. It outlines the finances available for the implementation ...
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Determining the right level of Fidelity Insurance for Retirement funds

Published: Mon, 20 Feb 17

By Greg Preston FQ Financial Skills The LI-MIT (Limit of Indemnity – Marsh Indication Tool) is currently the retirement industry’s most effective solution in assisting fund advisors and boards of trustees in setting their level of compulsory Fidelity Insurance. The tool also aims to identify training ...
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US Tort claims may be adapting to a world of social media

Published: Mon, 20 Feb 17

By Caleb Segrest (US) Norton Rose Fulbright The United States District Court for the Southern District of New York ruled, on January 18, 2017, on a defendant’s motion to dismiss replevin, conversion, and trespass claims related to the misuse of various domain names and social media accounts. Salonclick ...
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Fake Employees and direct financial loss

Published: Fri, 17 Feb 17

      Gina Tognocchi Stokes, Claims Handler Camargue Underwriting Managers (Pty) Ltd       Theft of monies by employees is a common hazard of the business environment today and as the ever varying and inventive methods of appropriating funds from an employer ...
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Risks of unlawful social media content

Published: Fri, 17 Feb 17

Changes in UK defamation landscape and what you need to know By Joanna Conway (UK) Norton Rose Fulbright LLP A carefully curated social media presence is a critical business requirement, but there are risks. One of these risks is unlawful content – be that unlawful content posted to your businesses’ ...
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Dineo moves westward to SA, Botswana, Zim border

Published: Fri, 17 Feb 17

Pretoria: The South African Weather Service says “Dineo”, now classified as a tropical depression, is currently located near the border of South Africa, Botswana and Zimbabwe. The weather service issued an update on Tropical Cyclone Dineo on Friday afternoon. South Africans have been bracing themselves ...
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Claims made liability policies and claims notification

Published: Fri, 17 Feb 17

Notification of event likely to give rise to a claim requires at least 50% chance of claim (UK case)         Patrick Bracher, Director Norton Rose Filbright South Africa Inc.     The policy obliged the insured to ‘give notice in writing to the ...
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Bryte Insurance Enters Southern Africa Insurance Industry

Published: Fri, 17 Feb 17

New brand and logo for Zurich South Africa and Zurich Botswana   Johannesburg: Zurich South Africa and its Botswana counterpart today rebranded to Bryte Insurance, following an acquisition by Canadian-based Fairfax Financial Holdings Limited (Fairfax) in 2016. Bryte has identified business risk management ...
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Insuring your diamonds last as long as your love

Published: Fri, 17 Feb 17

With the month of romance, February, in full swing, you may be contemplating popping the big question, or just spoiling your partner with some jewellery. However, you also need to make sure that you have checked all the details around the insurance of that shiny rock, so that you are not caught out of pocket if it ...
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