France needs a new law on business insurance in the event of a pandemic: minister

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FILE PHOTO: Bruno Le Maire, French Minister for the Economy, Finance and Recovery, wearing a protective mask, speaks at a press conference to present the 2021 budget of the French government following the weekly cabinet meeting at the Elysee Palace in Paris, France, September 28, 2020. REUTERS / Benoit Tessier

PARIS (Reuters) – France will need a law forcing insurers to offer companies coverage for losses from future pandemics, French Finance Minister Bruno Le Maire said on Thursday.

“The state is not going to take note of business operating losses every time there is a new pandemic,” Le Maire said in an online interview with Le Monde newspaper.

“Insurers will have to get involved and it will not be a voluntary commitment. We need a law establishing a new insurance system against the pandemic, ”he added.

Reporting by Leigh Thomas; Edited by Alison Williams

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