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French Court Refuses to Dismiss Fire Charges Against Buffett-Owned Lubrizol

Jun 30 2021 // A French appeal court on Wednesday rejected a request by chemicals group Lubrizol to have judicial charges over a fire at a plant in Rouen quashed because of alleged irregularities in the investigation, a lawyer for the...

French Mutual Insurer Covéa Eyes Purchase of AXA XL’s Reinsurance Business: Reports

Jun 28 2021 // Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in a deal that could be valued at €5 billion, according to press reports. The news story, which originally...

French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns

Jun 17 2021 // A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter...

Court Orders IKEA to Pay $1.2M Fine for Spying on French Employees

Jun 17 2021 // PARIS – A French court on Tuesday ordered IKEA to pay a 1 million euro ($1.2 million) fine for spying on its French staff, after the world’s biggest furniture retailer was found guilty of improperly gathering and...

AXA Offers €300M to Settle COVID-19-Related BI Claims for French Restaurant Owners

Jun 10 2021 // AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage during the 2020 COVID-19 lockdowns. AXA estimates the cost of...

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