Howard Richman (@Obzcyclist) header
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Howard Richman

@Obzcyclist

green elephant backpackers owner

 Cape Town
greenelephant.co.za
Joined March 2010
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Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)Photo by Howard Richman (@Obzcyclist)
Handing in the keys to my business. Thank you to my 84 year old Mom for her support, Good and Proper, unlike 102 year old Sanlam. #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
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Image from Howard Richman (@Obzcyclist)
The Finance Ghost (@FinanceGhost) profile pictureThe Finance Ghost
@FinanceGhost7 Oct 2021
Santam says it was "seeking legal clarity" for the indemnity period in business interruption claims. No Santam, you were seeking a way to avoid helping small businesses, which has been your approach since the start. Thankfully, the Supreme Court of Appeal was having none of it.
Santam broke it's brand promise 4 000 times and Courts repeatedly told to honor covid19 related business Interruption claims shamefully advertising on @KFMza @santaminsurance #NotSoGoodAndProperAfterAll #insurersfailtourism #santaminsurance
Image from Howard Richman (@Obzcyclist)
"With Santam, we still seem to take two steps forward and two steps back," said Woolley. #NotSoGoodAndProperAfterAll #InsurersFailToursim #SanamInsurance @SantamInsurance Several court judgments later, insurers are still fighting lockdown claims news24.com/fin24/Companies/s… via @fin24
Several court judgments later, insurers are still fighting lockdown claims | News24

Several court judgments later, insurers are still fighting lockdown claims | News24

Public loss-adjustment firm the ICA says insurers are still giving their clients the runaround on lockdown claims.

news24.com
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'Santam Structured Insurance had the highest claim rate of 15.5 claims per 1,000 people.' I.e. @santaminsurance had the highest complaints relative to it's size. #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance businesstech.co.za/news/busi… via @businesstechSA

The most complained-about short-term insurers in South Africa

The office of the Ombudsman for Short-term Insurance (OSTI) has published its annual report for 2020, showing which insurance companies in South Africa drew the most complaints.

businesstech.co.za
Not True, Santam still haven't settled my Businesses COVID19 related business interruption claim. Santam let us down. biznews.com/global-citizen/2… @SantamInsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
Image from Howard Richman (@Obzcyclist)
Marica Quarsingh (@Maricaquarsingh) profile pictureMarica Quarsingh@Maricaquarsingh5 May 2021
Insurancers to the travel and hospitality sector businesses should pay the the sectors companies for substantial booking losses incurred due to Covid. I think SA's Sanlam / Santam, as per a friend, was the only who paid businesses fairly.
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13 Months today since 1st official case of COVID19 in Cape Town and Santam Insurance still haven't settled my Businesses Business Interruption Claim. @SantamInsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
Image from Howard Richman (@Obzcyclist)
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13 months today since Covid19 in Cape Town and Santam still haven't settled my businesses Interuption claim. Why is the Regulator @FSCA_ZA allowing @santaminsurance to not honor it's obligations timeously? #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
Image from Howard Richman (@Obzcyclist)
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1st April and no jokes Santam still haven't settled my businesses Covid-19 business Interuption claims. @santaminsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
Image from Howard Richman (@Obzcyclist)
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Will Santam ever be able to regain trust after breaking it's brand promise? @SantamInsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
Image from Howard Richman (@Obzcyclist)
Image from Howard Richman (@Obzcyclist)
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When your talk and your deeds are not in sync. Santam betrayed us in time of greatest need. @SantamInsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
Replying to @brucebusiness
@brucebusiness gave Lize Lambrechts of Santam a free pass to spew the 'legal certainty' nonsense. @santaminsurance have cost livelihoods and destroyed confidence in the insurance industry. #SantamClaims #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
Image from Howard Richman (@Obzcyclist)
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The interview was full of inaccuracies, judgement was in November 2020, not January 2021 and made no difference. The policy is clear, only a moron or a crooked insurance company would need legal certainty on plain English. 'Legal certainty' argument was a disgrace.
Image from Howard Richman (@Obzcyclist)
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So even though my companies 3 month indemnity period ended on 11th June last year, Santam still haven't paid! @SantamInsurance #SantamClaims #NotSoGoodAndProperAfterAll #InsurersFailTourism news24.com/fin24/companies/s… via @fin24
Santam CEO: Lockdown claims had a huge impact, and we're not sure how big the liability can get |...

Santam CEO: Lockdown claims had a huge impact, and we're not sure how big the liability can get |...

Santam has set aside a R3 billion technical reserve for lockdown-related claims. But it's all based on an assumed quantum of claims which the company is not sure about yet.

news24.com
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So @GTalevi if Santam had acted "Good and Proper" and paid the R5.3B in claims instead of spending it on lawyers and R4.5B+ (marketing budget) telling us they're "Good and Proper" they would have saved livelihoods and been able to pay a dividend? @SantamInsurance #SantamClaims
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This aged well. Santam still haven't honored my businesses COVID19 claim submitted in May 2020. @SantamInsurance @RestaurantAsso2 #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance OPINION: Reputation of insurance industry is on the line iol.co.za/personal-finance/o…
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Shame on Santam ducking and diving to not pay covid19 Business Interuption claims. Trust destroyed, good and proper. @santaminsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
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Poor Santam marketing department. Brand promise broken. What could go wrong? @SantamInsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance
Image from Howard Richman (@Obzcyclist)
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Hey Santam, hare comes a big one. @SantamInsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance INTERVIEW | AECI gears up to claim R1 billion from insurers for revenue lost to Covid-19 news24.com/fin24/companies/i… via @fin24
INTERVIEW | AECI gears up to claim R1 billion from insurers for revenue lost to Covid-19 | News24

INTERVIEW | AECI gears up to claim R1 billion from insurers for revenue lost to Covid-19 | News24

Chemicals and mining explosives producer AECI is preparing a hefty insurance claim in a bid to claw back more than R1 billion it lost in revenue due to Covid-19.

news24.com
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Hey Santam, what went wrong? @SantamInsurance #NotSoGoodAndProperAfterAll #InsurersFailTourism #SantamInsurance Kung-Flu Panda - Dodgy Analytics or Pandemic Propaganda? allafrica.com/stories/202103… via @allafrica

South Africa: Kung-Flu Panda - Dodgy Analytics or Pandemic Propaganda?

Analysis - Pandemics Data and Analytics, aka Panda, hoped to 'lead the world against lockdown'. It fought the battle with fudgy factoids while punting the views of some dodgy people.

allafrica.com
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Peter Castleden, a senior executive at Sanlam whos subsidiary Santam refused to pay out policy-holders on the basis that losses are the result of the government-imposed lockdown, not the Covid-19 pandemic. @SantamInsurance #NotSoGoodAndProperAfterAll dailymaverick.co.za/article/…
Kung-Flu Panda: Dodgy analytics or pandemic propaganda?

Kung-Flu Panda: Dodgy analytics or pandemic propaganda?

Pandemics Data and Analytics, aka Panda, hoped to 'lead the world against lockdown'. It fought the battle with fudgy factoids while punting the views of some dodgy people.…

dailymaverick.co.za
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biznews.com/global-citizen/2…
Musings in Mzansi (@MusingsIn) profile pictureMusings in Mzansi@MusingsIn28 Jan 2021
Replying to @RestaurantAsso2 @SantamInsurance
@SantamInsurance is complicit with watching small business owners suffer. I truly hate them.
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