MJD Risk Insurance Brokers

Short Term Insurance and Risk Management Consultants

“Partners in your Risk”

16 February 2023 Gareth Stokes

After 200-plus days of loadshedding in 2022 and Stage 2 or higher each day this year, South Africans are gatvol. Unfortunately, the ongoing threat to the national power grid has caught the attention of the country’s short-term insurers too, forcing them to start the New Year by informing brokers and policyholders of yet another general cover exclusion. Those familiar with the workings of the insurance industry will not be surprised to learn that insurers and reinsurers consider a national electricity grid failure to be uninsurable.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MJD Creations