Axa plans to deduct Covid state supports from insurance payouts

Company will oppose government position that supports for businesses negatively affected by pandemic should not be cut from awards to policyholders

26th May, 2021
Axa plans to deduct Covid state supports from insurance payouts
Axa appear in front of the Oireachtas finance committee today for a discussion on insurance, including on how it is responding to business interruption claims arising from the pandemic. Picture: Getty

The state’s biggest general insurance provider has told TDs it intends to deduct the value of pandemic state supports from payouts to businesses.

Axa will appear in front of the Oireachtas finance committee today for a discussion on insurance, including on how it is responding to business interruption claims arising from the pandemic.

In its opening statement, seen by the Business Post, Axa said it would deduct the value of government supports linked...

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