UK’s largest pub group sues insurers for over $1 billion
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U.K.’s largest pub company, Stonegate Group, is suing three insurers in London’s High Court for £845 million ($1.2 billion) over their failure to pay business interruption claims for losses suffered during the COVID-19 pandemic triggered lockdowns, Money Controll reported. The three insurers – MS Amlin Ltd., Zurich Insurance PLC and Liberty Mutual Insurance Europe SE – have capped their liability at £17.5 million, much below the damages sought by Stonegate, which owns more than 700 pubs and restaurants in the U.K.
