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It's holiday time – make sure your insurance details are up to date

As our thoughts turn to the coming holiday season, it's a good time to make sure that all your insurance details are up to date, especially if you are planning to go away. The last thing you want is to return from a relaxing holiday to find that there is an event for which you need to claim, yet ...
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Limited right to challenge arbitrator’s decision (UK)

    Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.     The losing party before an arbitration tribunal cannot challenge the decision of the tribunal based on an alleged failure to deal with the evidence properly unless in exceptional ...
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Chile: The Next President Will Inherit a Bottoming Out Economy

By Coface, the international trade credit insurance company   On the 19th November, Chile will hold presidential elections. Immediate re-election is forbidden in the country, leaving President Michelle Bachelet automatically out of the running. Her centre-left Nueva Mayoria alliance ...
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Hope amidst the ashes: Knysna Fire Stories

Book featuring local photography and heroic stories to raise funds for local fire relief efforts     South Africa: Residents of Knysna have united to compile and publish a coffee table book, and accompanying DVD, that documents the catastrophic fires that ravaged through the ...
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SaXum Liquidation Update

The short-term insurance industry, through the South African Insurance Association (SAIA), has established a limited voluntary fund (SAIA Fund) to try and alleviate the prejudice suffered by those policyholders with motor accident claims affected most negatively by the liquidation of SaXum. The SAIA ...
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From The Glossary »

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Excess:

A policy condition whereby the insured is required to pay a portion of the loss, as stipulated in the policy (for example the first R2 000 of a motor vehicle damage claim). The insurer would pay the balance over that amount.
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