Category: Insurance

Hijacked garbage truck used to break through gates at Soweto mall, property group says

Mams Mall in Mamelodi, Pretoria. Property group Resilient – which owns shopping malls including Mall of the North, Limpopo Mall and Irene Village – has confirmed that two of its 28 shopping centres – Jabulani Mall in Soweto and Mams Mall in Mamelodi – have been damaged in recent riots. The company said that its centres were typically secured with a double ….  Read More

Woman with the world’s second-biggest butt insures her asset for R5,4 million

Brazilian Vanessa Ataides has been working on her butt for almost a decade. (PHOTO: Instagram / @byvanessaataidess) Vanessa Ataides says she’s famous because of her bottom so it’s only right she has it insured. The bodybuilder and social-media influencer has the biggest behind in her home country, Brazil, and the second-biggest butt on the planet. ….  Read More

Retail shopping centres damaged by unrest

Gauteng and KwaZulu-Natal have been affected by unrest including looting, property damage and violence. Eleven properties of SA Corporate Real Estate Limited have been damaged due to unrest in KwaZulu-Natal and Gauteng, the listed company said in a notice to shareholders on Tuesday. Parts of South Africa have been affected by looting, violence, and property ….  Read More

Insurers’ ‘super-profits’: Industry says it’s not that black and white

The South African Insurance Association said its members did their bit by providing premium holidays, premium discounts and fast-tracked claim processes where possible. Insurers say they’ve used the money saved from lower vehicle claims to provide relief and premium discounts to customers. While they had fewer vehicle claims in 2020, the industry says it forked ….  Read More

A couple admitted to cheating the California public health system of more than a million dollars on Monday through a false private insurance scheme targeted at pregnant Mexican women looking to give birth in the United States. A couple advertised private insurance to pregnant Mexican women promising they could give birth legally in the US ….  Read More

Naspers makes R34m investment in a digital short-term insurance startup

A Naspers startup fund has added Ctrl, a digital short-term insurance advice platform, to its stable. Naspers says Ctrl is a great example of using technology can improve traditional business models. Ctrl is a one-stop digital short-term insurance advice platform founded in 2017. The investment is part of Naspers’ R1.4 billion commitment to grow early-stage ….  Read More