Regal Cinemas Sues Insurers for Not Covering Losses From Pandemic Closures
According to court documents obtained by TheWrap, Regal has filed a lawsuit at Los Angeles Superior Court against Allianz, Liberty Mutual, and Zurich American seeking unspecified damages and a court order requiring the companies to pay out the claims. “Regal has sustained hundreds of millions of dollars in financial losses since March 2020 as a result of the COVID-19 pandemic, including lost ticket sales, concession sales and extra expenses,” the suit states.