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

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.