A commercial court in Paris on Friday ordered insurer Albingia to pay five hotels a provisional €450,000 pending a detailed calculation, which the judges commissioned, of their losses over a two-month period. — Reuters pic
A commercial court in Paris on Friday ordered insurer Albingia to pay five hotels a provisional €450,000 pending a detailed calculation, which the judges commissioned, of their losses over a two-month period. “We are sensitive to the great difficulties being experienced by the hotel sector, but insurers cannot absorb the consequences of the economic crisis, which is outside of the contractual framework,” Albingia said.
This came after Axa lost in court to Parisian restaurateur Stephane Manigold, with judges ordering it to pay him some €70,000 in compensation for lost business.
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