FILE PHOTO: The logo of AXA insurance is seen at an office building in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann
PARIS (Reuters) - AXA will meet the bulk of business interruption claims from some restaurant owners in France, it said on Tuesday, after losing a court case seen as a potential precedent for coronavirus-related disputes across the world.
A Paris court ruled last week that AXA should pay a restaurant owner two months' worth of revenue losses caused by the virus pandemic. AXA had argued its policy did not cover business disruption caused by the health crisis.
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