I was of the impression that BIOS passwords were in general not something one should rely even as a layer when assuming physical access. In the (not that) old days it was usually just a matter of removing the internal battery to reset it. Has this assumption changed in past years?
A bit, as posted in this blog, but for most part having physical unlimited access to a device it's game over. Hence why encrypting your sensitive data should be the norm (I am aware that is not the norm, not by far)
Sure, they are still not encrypted in any meaningful sense by default, but the barrier to entry is quite far removed by not requiring a long process to enable it. A process which sometimes would require reinstallation, something an average person would likely not bother with.
While installing macOS Catalina the user gets prompted to activate this encryption, providing the system has a disk that supports that kind of full disk encryption I mentioned above.