AXA will pay some business interruption claims in France after losing a court battle against a Paris restaurant owner. (Photo: AXA)
After losing a Paris court battle over covering COVID-19 business interruption losses, AXA said on Tuesday (May 26) that it will meet most of those claims filed by several restaurants in France.
On May 22, Reuters reported that AXA lost a court battle against Stephane Manigold, a restauranteur in Paris, who filed a lawsuit to force AXA to cover two months' worth of revenue losses from government-mandated business closures starting on March 14.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
