On Nov. 16, 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. The appeal was fast-tracked to the court for a four-day hearing.

Earlier this fall, a lower court found largely in favor of the Financial Conduct Authority (FCA) and insureds, ruling that some insurers had wrongly rejected business interruption claims connected to the COVID-19 pandemic. Several insurers appealed parts of the ruling that they lost, maintaining that they are paying valid claims and that if they were required to pay all claims, despite the validity, the insurance industry would collapse.