Category:

Disaster & Management

French court orders AXA to pay restaurant’s COVID-19 Business Interruption Losses;AXA to appeal

The court said that the administrative decision to close the restaurant qualified for insurance cover as a business interruption loss.

“This means that all companies with the same clause can appeal to their insurers,” Anais Sauvagnac, lawyer of Stephane Manigold, who owns four restaurants in Paris, said.

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72 dead in Bengal, have never seen such devastation: Mamata appeals to PM

The chief minister also announced a compensation of Rs 2 lakh to Rs 2.5 lakh for the family members of each of the deceased.

“So far as per the reports we have received, 72 people have died in the state due to Cyclone Amphan. Two districts North and South 24 Parganas are completely devastated. We have to rebuild those districts from scratch. I would urge the Central government to extend all help to the state,” West Bengal Chief Minister Mamata Banerjee said after conducting a review meeting with officials.

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Corporate revenues drop over 25% during lockdown; normalcy may take over 1 year to return: Survey

Nearly 67 percent of top bosses, business owners and founders surveyed said that company revenues have already declined by more than 25 percent during the lockdown.

Further, all respondents believe that business will return to normal only by 2021, while 22 percent business leaders expect it to take more than a year, from when the lockdown ends.

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