The economic fallout of the pandemic was devastating to all areas of the economy, leaving virtually no business untouched. A large number of policies afforded protection under the policy for losses due to Infectious Diseases. The initial response from Insurers to cover the losses suffered was negative. Many businesses were in financial difficulty and without the technical or financial resources to challenge the Insurers’ decisions to reject claims for losses stemming from Covid-19 and lockdown, ICA took on the challenge and successfully litigated against Insurers. Ultimately we assisted around 800 clients who all benefited from the successful litigation conducted and funded by ICA.
The devastating impact of the pandemic, compounded by Insurers’ refusal to honour their clients’ business interruption claims drove significant media interest, which included a vast number of interviews and articles. ICA, as the primary driving force of the claims against insurers, was at the forefront of this coverage. You can find a sample of the news articles and the court judgments below.
The damage and financial loss caused by the riots in July 2021 was devastating to many businesses. As a business, we recognised early on that the losses were likely to be paid by SASRIA, the South African state-owned Insurer. We also recognised the need for businesses to get funding in the short term or many would be unable to survive. Having dealt with SASRIA on many previous matters, we engaged directly with them to find practical solutions to get cash into the hands of those businesses who urgently needed it. The profile of the claims and the work that we were doing to assist impacted businesses was covered extensively by the media.