South Africa’s FSCA issues press release setting out latest stance on business interruption insurance
On 24 July 2020, the Financial Sector Conduct Authority (“FSCA”) in South Africa published a press release to delineate the outcome of its recent discussions with insurers that are most affected by business interruption insurance claims. This article provides an overview of the press release and addresses the impact on business insurance cover. The FSCA issued a press release entitled...