Magazine date:
Oct 2017 The violent storms that hit the major cities of South Africa in early October 2017 are expected to generate insured losses between 1 and 1.5 billion ZAR (72.9 million and 109.3 million USD).
The non life insurer Santam has stated having received more than 5 000 compensation claims in the province of Gauteng alone. Old Mutual has also confirmed having received a large number of claims, without giving further details.
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