Axa offers €300m to French restaurants for Covid-19 BI losses

Credit: Shutterstock/Vjacheslav Shishlov

Axa has offered settlements totalling €300m before reinsurance to 15,000 French restaurants for business interruption (BI) losses, after they closed to minimise the spread of Covid-19. The move followed disputes between AXA and French restaurants since the outbreak of the pandemic, with some high-profile court settlements falling in favour of policyholders. Axa France said the “fixed and definitive lump-sum payment” will be…

Please register or login to view the full post