Life Time seeks $130 million from insurer over COVID-19 losses
Lawsuit claims Zurich Insurance breached its contract with the fitness chain operator
August 26, 2020
The Chanhassen-based fitness giant Life Time Inc. has sued its insurance company for $130 million for allegedly failing to cover losses tied to the COVID-19 pandemic and the government-ordered business shutdowns that followed.
The lawsuit against Zurich American Insurance Co. said Life Time bought the insurance policy in December 2019 and had sufficient coverage for business-interruption losses related to communicable diseases.
Life Time said in the complaint that it filed an insurance claim after losing more than $200 million due to COVID-19 business shutdowns that affected 150 fitness locations.