The economy minister has called for the freezing of insurance premiums for the hotel and catering sector, failing which the government will support a Senate amendment requesting an exceptional contribution from insurers.
The CEO of insurer AXA France announces a “scandalous blackmail”, after the Minister of Economy and Finance Bruno Le Maire this week called on the sector to freeze the insurance premiums of hoteliers and restaurateurs on pain of a new tax.
“It is scandalous to have to go through such a blackmail,” Rebel Jacques de Peretti, CEO of AXA France, said in an interview with Le Parisien, published Saturday night on the newspaper’s website.
“I phoned all my European colleagues last Monday, and such a shameful email has never been practiced in any country, while the situation regarding insurance and restaurant owners is the same,” the leader continued. .
An estimated cost of insurers for 1.2 billion euros
Bruno Le Maire on Tuesday called for the freezing of insurance premiums for the hotel and catering sector, failing which government will support a Senate amendment requesting an exceptional contribution from insurers.
An amendment that has been tabled in the Senate in recent days aims to introduce an exceptional contribution of 2% on premiums paid for damage insurance contracts. According to the French Insurance Federation, this would represent a fee of 1.2 billion euros for the sector.
“The tax would be the worst thing for the recovery because we could not take such a burden alone, and we would have to defer it to the contributions of our insured, ourselves already heavily taxed,” warned Jack of Peretti.
More free to premium freeze
Regarding the award freeze for professionals in the hotel and catering industry, “This is an avenue that we are watching closely. (…) We all have an interest in finding a solution and all of us come out on top of the conflict , Continued Jack de Peretti, emphasizing the “openness” of the companies.
Since March, the insurance sector has deployed various measures to support the economy, ranging from a contribution of 400 million euros to the public fund to support SMEs to an investment program of more than a billion euros, through various initiatives taken individually by the companies.
In general, the individual and collective measures represented 3.8 billion euros in commitments.
Insurers have been accused since the beginning of the health crisis of not doing enough, and dozens of disputes between restaurants and insurers over coverage of operating losses, which are rarely covered, have been taken to court.