On Nov. 16, 2020, the U.K. business interruption insurance test case appeal began with several major insurance companies claiming to the U.K. Supreme Court that it is inappropriate to assume there could be unlimited coverage during a pandemic. (Photo: Victor Moussa/Shutterstock)
(Bloomberg) — Insurers face increased COVID-19 payouts to small businesses that were forced to close during the lockdown, as the U.K.'s top court ruled in favor of policyholders in a dispute over coverage.
The U.K. Supreme Court ruled Friday, Jan. 15, that policies sold by six firms, including RSA Insurance Group Plc and Hiscox Ltd., cover losses sustained when businesses were shut down to help slow the spread of the outbreak. The firms had appealed a lower-court decision in September that found some policies in a test case brought by the U.K.'s top markets regulator should payout.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
