Hiscox counts cost of pandemic claims after 2020 loss Updated / Wednesday, 3 Mar 2021 07:53 Hiscox lost a high-profile court case over policy wordings earlier this year Insurer Hiscox swung to a huge loss for 2020 today and continued to withhold a dividend due to a spike in business insurance claims from the Covid-19 pandemic. This comes after it lost a high-profile court case over policy wordings earlier this year. Hiscox is part of a group of insurers that had argued many business interruption policies did not cover disruption after UK government measures to curb the coronavirus. It posted a pre-tax loss of $268.5m for the 12 months ended December 31, compared with a profit of $53.1m a year earlier.