Flood of rain claims could hike premiums

  Thursday, January 20th, 2011 Source: Business Report

Premiums for insurance against natural disasters may soar as insurers are prompted by high volumes of claims to review tariffs, especially in high-risk areas. Increased claims from the Vaal River area, Mpumalanga, North West and KwaZulu-Natal are mostly from residential dwellings, followed by business and car claims.

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