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Litigation funding : insurance in focus
It’s a far cry from the American nuclear verdicts, but it’s still a heavy price to pay on France’s modest scale. The two lockdowns following the Covid-19 pandemic brought the French economy to a standstill. By decree, places open to the public, including the retail and catering sectors, were forced to close store. This situation generated significant operating losses, before distance selling solutions were put in place.
22/11/2024 15:10 Covid litigation still ongoing in France – L’Agefi 1/3
While on the whole the insurance sector has shown solidarity and followed Bercy’s recommendations, freezing restaurant premiums for example, more conflictual situations have arisen concerning the activation of business interruption cover.
Total or partial closure
Some insurers – including Axa, which took an early stance on the issue – have interpreted contractual clauses restrictively, excluding Covid decrees from the causes of closure covered by the policy.