Axa to pay French Covid-19 BI claims after court ruling – reports
Updated: The insurer will pay out to restaurants following a court decision that it must pay one owner two months worth of coronavirus-related cover.
Axa has agreed to pay coronavirus claims to some policyholders in France with restaurants.
Reuters reported that following a court ruling in Paris that Axa should pay one policyholder for two months of cover amid the Covid-19 pandemic the insurer has agreed to pay out on further claims where the policy wordings are similar to those involved in the original court case.
CEO Thomas Buberl said the provider would pay a “substantial part of these contracts” and “do it quickly”.
According to Buberl
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