The UK Supreme Court ruled on Friday that thousands of businesses should be insured for losses incurred due to a national lockdown to curb the coronavirus pandemic. In a test case that pitched the markets regulator against major insurers, the court found that business interruption policies held by pubs and other affected businesses applied to lockdown closures. The ruling has implications for a similar test case before the Commercial Court here in Ireland involving FBD Insurance. Judgement in that case was originally scheduled for today but was postponed pending the outcome of the UK case. The test case has been closely-watched in other countries where similar battles have been brewing.

Source: Irish Independent January 15, 2021 11:03 UTC