Greggs launches £100m legal claim for Covid pay out against insurer Zurich

Greggs has reportedly launched a £100m legal claim against Swiss insurer Zurich Insurance Group.

According to The Sunday Times, the London-listed baker believes it is due the payment to cover business interruption costs and expenses incurred when its stores were forced to close during lockdown.

The chain, which has around 2,000 shops across the UK, is seeking £100m or at least £50m, it was reported.

However, Zurich believes it is due just £2.5m, The Sunday Times said, citing filings lodged in the High Court last week.

Greggs has so far declined to comment. In a statement, Zurich told the newspaper it was “confident we have responded to this claim fairly and consistently in line with the test case last summer”.

RELATED ARTICLES