A man riding his scooter past a closed restaurant on the Champs-Elysees avenue in Paris last March.
A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by the virus pandemic. AXA had argued its policy did not cover business disruption caused by the health crisis. “It absolutely strengthens the case for legitimate claims to be considered in the UK, and I am sure that there are some legal parallels being drawn from the case against AXA in France,” the association’s chief executive, Michael Kill, told Reuters.
AXA has said it will appeal against the Paris ruling, but Chief Executive Thomas Buberl on Tuesday said that the company was seeking an amicable solution and planned to meet the bulk of claims from restaurant owners whose contracts contained some ambiguity.
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