Fabrib
Forumer storico
A French restaurant owner who won a court battle with Axa over lockdown-linked losses said on Tuesday he had reached a further settlement with the insurer, potentially setting the tone for payouts to other businesses facing similar insurance problems.
Stephane Manigold, who owns four restaurants in Paris, including one with two Michelin stars, took Axa to court for not paying out on a business-interruption policy, after France imposed a two-month lockdown to fight the COVID-19 pandemic.
A Paris court in May ordered the insurer to cough up two-months worth of revenue losses - or 45,000 euros (£40,751) for one of Manigold's restaurants, Le Flaubert.
The businessman said he had now reached a broader compensation agreement that covered all his restaurants.
Axa confirmed a settlement had been reached, but did not disclose the terms of the deal. RTRS
Stephane Manigold, who owns four restaurants in Paris, including one with two Michelin stars, took Axa to court for not paying out on a business-interruption policy, after France imposed a two-month lockdown to fight the COVID-19 pandemic.
A Paris court in May ordered the insurer to cough up two-months worth of revenue losses - or 45,000 euros (£40,751) for one of Manigold's restaurants, Le Flaubert.
The businessman said he had now reached a broader compensation agreement that covered all his restaurants.
Axa confirmed a settlement had been reached, but did not disclose the terms of the deal. RTRS
