Insurers hit by rocketing power surge damage claims as load shedding drags.

According to Anneli Retief, head of Dialdirect Insurance, the daily occurrence of load shedding in SA is much more than just a major inconvenience. Philippa Wild, head of commercial underwriting at Santam, says Santam has also seen a significant increase in claims for damage to sensitive electronic items due to power surges, across its personal insurance and commercial insurance portfolios.Ricardo Coetzee, head of Auto & General Insurance, says it too has seen a big increase in road accidents. “The dangerous consequences of load shedding [are seen] when street lights and traffic lights are not working at night. <a href="https://kaya959.co.za">Kaya 959</a>