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Axa won’t appeal landmark COVID-19 BI ruling


French insurer Axa SA has decided not to appeal the London High Court’s recent decision in favor of U.K.-based hospitality group Corbin & King Ltd. over the latter’s COVID-19 business interruption insurance losses, The Caterer reported. The court’s judgment and Axa’s latest decision is likely to increase the hopes of hospitality businesses seeking to recover some of their losses from the COVID-19 lockdowns.

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