Court rules in favor of Axa in COVID BI cases
Posted On: Dec. 5, 2022 9:25 AM CST![Business interruption](https://bicontent.businessinsurance.com/e5b22e1a-fa0e-4ecd-9936-a0114302aab3.jpg)
France’s Court of Cassation has ruled in favor of French insurer Axa SA, backing the company’s refusal to pay out restaurateurs for business interruption losses resulting from the COVID-19 pandemic and related administrative orders for closure, Time News reported. The court overturned four Aix-en-Provence Court of Appeal decisions, saying that Axa’s contract included a clause to deny payouts if “another establishment is subject to an administrative closure measure for the same cause.”