Toyota estimates South African flood claim could reach $500mn
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Toyota estimates South African flood claim could reach $500mn

Rachel Dalton
11 July 2022
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Toyota South Africa Motors (TSAM) has estimated its claim for April flood losses at between $353mn and $500mn, this publication can reveal, quelling earlier fears of an insured loss closer to $1bn.

Last week Insurance Insider broke the news that Tokio Marine was on-risk for the losses for damage to the Toyota factory in Durban, as per a policy placed by Marsh Africa.

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News Tokio Marine Marsh McLennan
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Rachel Dalton
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