UK baker Greggs Plc filed a $137 million (£100 million) legal claim against Switzerland’s Zurich Insurance Group in a disagreement over a pandemic-related insurance payout, according to a report in the Sunday Times.
The chain claims it is entitled to that amount of compensation for when its stores had to close during government-enforced lockdowns last year, but Zurich thinks Greggs is only entitled to $3.4 million (£2.5 million), according to filings lodged in the High Court last week, the paper said.
In January, the UK Supreme Court rejected an appeal by insurers against COVID-19 payouts, ruling that in most cases insurers should pay up for business interruption costs.
Copyright 2026 Bloomberg.
Was this article valuable?
Here are more articles you may enjoy.
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years 
Cleared of Charges, NJ’s Norcross Sues Inquirer, Editor for $100M in Defamation Suit 
Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run 
Are Software Vendors Holding Insurers Hostage? Build Your Own, Webinar Says 
