As the Conduct of Financial Institutions (COFI) Bill slowly grinds through South Africa’s law-making machinery, many have been wondering about the state of the country’s financial institutions. The good news is that the Financial Sector Conduct Authority (FSCA) has...
My colleague Mark Bechard’s article on the increase in rejected claims because of reckless driving raises a few interesting questions about the possible use of technology when investigating such claims. The Ombudsman for Short-term Insurance (Osti) quotes two case...
Staff Reporter. Parliamentary legal advisors have recommended that government scrap its proposal to introduce a zero-tolerance drunk during rule in South Africa. In a presentation to Parliament’s portfolio committee on transport this week, the legal advisors said they...
The Ombudsman for Short-Term Insurance (OSTI) has warned of a rise in car insurance claims being rejected and disputed due to insurers alleging that drivers did not take “reasonable precautions” in preventing an accident, including sticking to speed limits. Senior...
South Africa’s crime statistics for Q3 2021/2022 show another steep increase in hijackings across the country. The data, which was presented by the South African Police Service (SAPS) to parliament on Friday (18 February), covers the period between October and...
FNB CEO Jacques Celliers promised that it was far from being done innovating. File FNB launched its short-term insurance business on Thursday. It has been operating it behind the scenes for three years, but it’s ready to put it on the spotlight now. It now has...
