Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

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

Glen Stubbe – Star Tribune file

Bradley Carr cleaned exercise equipment at a Life Time health club with Purell surface disinfectant in March.

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.

https://www.startribune.com/life-time-sues-insurer-over-130-million-in-unpaid-covid-19-losses/572215182/

 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020

Rendered 09/27/2020 00:59