Hailstorm causes over $180 million in damages

Share!

Business Insurance - Nov 27, 2020

The South African municipality of Msunduzi has suffered an estimated 2.8 billion South African rand ($181.5 million) in damages from a hailstorm that battered the region on Nov. 18....

Read Full Article

Recommended Articles

South Korean insurers post combined net profits of nearly $6 billion

Posted: Aug 22, 2023

South Korean insurers’ combined net profits increased to around 8 trillion South Korean won ($5.95 b...

P&C insurance market sees reduced capacity on risks

Posted: Aug 22, 2023

According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced...

Latin Re obtains license to operate in Lloyd’s marketplace

Posted: Aug 22, 2023

Independent insurance brokerage Latin RE is the first Brazilian broker to get a license to operate d...