The French government is looking at ways to shield companies from the impact of future pandemics.
The goal is to protect companies and jobs from the damage that major events such as pandemics can cause, Finance Minister Bruno Le Maire said in a statement. A working group consisting of lawmakers and industry representatives came up with a range of solutions on developing insurance coverage for such catastrophes, and Le Maire sought public comment on its proposals to inform the government’s work on the issue.
The government plans to complete work on a coverage plan by the end of the year. French companies have suffered 147 billion euros ($168 billion) of operating losses during the coronavirus outbreak, according to the statement on Thursday.
The government’s efforts come as French insurers are facing a public backlash over their handling of companies’ claims related to losses suffered during the lockdown. AXA SA found