May 22, 2020 / 3:06 PM / 2 days ago

French court orders insurer Axa to pay restaurant's COVID-19 losses

PARIS, May 22 (Reuters) - A Paris commercial court has ruled that French insurer Axa will have to pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the restaurant’s lawyer said on Friday.

Stephane Manigold, who owns four restaurants in Paris, had filed a lawsuit to force Axa to cover his operating losses following a government order to close bars and restaurants from March 14 to slow the spread of the virus. “This is a collective victory,” he told Reuters.

The case potentially opens the door to a wave of litigation over business interruption insurance stemming from COVID-19 shutdowns. (Reporting by Elizabeth Pineau Writing by Maya Nikolaeva and Geert De Clercq; Editing by Kevin Liffey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below