Insurer AXA to pay out to restaurants after court ruling
Share:
PARIS (Reuters) - AXA said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer should pay one owner two-months' worth of coronavirus-related revenue losses.The ruling on a disputed contract was seen as opening the door to a wave of similar litigation.AXA also said it would provide a further 500 million euros (446.84 million pounds) in aid for small companies.Chief executive Thomas Buberl said AXA planned to compensate..