The owners of high-end London restaurants The Wolseley and The Delaunay sued AXA Insurance UK Plc for as much as 4 million pounds ($5.4 million) over its failure to pay out on claims linked to the coronavirus lockdowns.
Lawyers for Corbin & King Ltd. said in a London court Tuesday that the insurers are “bound” to pay a business interruption claim that it has refused to pay.
The British hospitality industry has been among the hardest-hit by the effects of lockdowns, forced to close for months at a time as governments tried to keep a lid on the virus.
