Cinema chain assails Axa for refusing to coronavirus claim

KC Suri, director of U.K.-based cinema chain Reel Cinemas Ltd., said that French insurer Axa SA has refused to pay up to £7 million ($9 million) for claims related to the coronavirus lockdown, The Telegraph reports. Axa had indicated in March that the chain's "denial of access" cover would pay out for losses if a statutory authority ordered screens to close, Mr. Suri said. U.K.'s prime minister Boris Johnson forced theaters to shut down on March 20 to contain the spread of the virus.

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