ABI: Carillion collapse to cost trade credit insurers £31m
Association says industry is to pay over £30m to help suppliers recover.
Trade credit insurers are expected to pay an estimated £31m in total to help firms in the supply chain recover from the collapse of Carillion, according to the Association of British Insurers (ABI).
Trade credit insurance covers businesses against the risks of not being paid for goods or services that they sell following an insolvency, protracted default or political upheaval.
According to the ABI trade credit insurers paid out £210m to firms in 2016 due to non-payment.
Carillion, which
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