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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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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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Total global Covid-19 cases may reach 50 million,644,000 deaths expected in next 4 weeks:AIR Worldwide

“Underreporting is driven by the fact that as much as 60-80 per cent of people infected with COVID-19 may exhibit no symptoms or only mild symptoms and, most likely, do not get tested. The cases of COVID-19 that are reported, therefore, represent at best only 20-40 per cent of the total population. Therefore, in all likelihood, underreporting is substantively higher. Testing more widely in the general population would lead to more accurate numbers of cases and deaths being reported. The projections from the Verisk COVID-19 Projection Tool account for underreporting,”Doug Fullam, director of life and health modeling, Verisk.

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