South African Regulator Rebukes Insurers Over Virus Claims
- FSCA says insurers can’t use lockdown to reject all claims
- Insurance industry looking into ways of mitigating some risks
Photographer: Michele Spatari/AFP via Getty Images
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
A South African regulator warned insurers to stop broadly rejecting claims from businesses seeking to cover losses because of a lockdown to curb the coronavirus.