French restaurant settles with Axa in tussle over lockdown losses

PARIS (Reuters) - A French restaurant owner who won a court battle with Axa over lockdown-linked losses said on Tuesday he had reached a further settlement with the insurer, potentially setting the tone for payouts to other businesses facing similar insurance problems.Stephane Manigold, who owns four restaurants in Paris, including one with two Michelin stars, took Axa to court for not paying out on a business-interruption policy, after France imposed a two-month lockdown to fight the COVID-19..