Instant Insights / The Business of Insurance

What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated weekly, will help insurance professionals maintain a competitive edge.

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AXA vows to pay COVID-19 claims after losing French court battle

The decision could set a global precedent for coronavirus-related claims disputes.

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AXA will pay some business interruption claims in France after losing a court battle against a Paris restaurant owner. (Photo: AXA)

After losing a Paris court battle over covering COVID-19 business interruption losses, AXA said on Tuesday (May 26) that it will meet most of those claims filed by several restaurants in France.

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Heather Turner

Heather Turner is digital managing editor of NU PropertyCasualty360.

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