AXA faces 1,700 ambiguous restaurant contracts over pandemic payouts

PARIS (Reuters) - French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the COVID-19 crisis should be covered, its CEO told Le Monde in an interview. The company suffered a setback last month when a Paris court ruled that it should pay a restaurant owner two months of revenue losses caused by the virus pandemic and ensuring lockdowns. Axa had argued its policy did not cover..