Toyota’s Japanese Insurer Files $361 Million S. Africa Claim (2)

A 6.5 billion rand ($361 million) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban.

The claim against Transnet SOC Ltd., the KwaZulu-Natal Department of Transport and eThekwini Municipality has been brought in the high court in Durban by Toyota South Africa Motors’ insurer, Tokio Marine & Nichido Fire Insurance, Business Day reported.

Transnet said later on Friday that it would defend itself in the case.

The claim alleges that the floods, which closed the Prospecton plant ...