British baker sues Zurich for $137 million in COVID-19 losses

British bakery chain Greggs PLC has launched a £100 million ($137 million) lawsuit against Swiss insurer Zurich Insurance Group Ltd. over insurance payout linked to COVID-19 related business losses, UK Time News reported citing Bloomberg and Sunday Times. Greggs claims that Zurich Insurance improperly capped the insurance payout at £2.5 million for business losses it suffered due to government-imposed lockdowns and store closures.