Article: Credit crunch fuels rush for coverage; Trade credit insurers see rise in demand as bankruptcies grow.

Byline: ROBERTO CENICEROS

The worldwide economic downturn is driving demand for trade credit insurance, but buyers are finding a hardening market for the coverage as insurers respond to a sharp rise in claims, several industry experts say.

As more companies file for bankruptcy, more large firms are seeking trade credit insurance protection for domestic and international accounts receivables, but they face restricted capacity and rates that jumped at least 30% for first-quarter renewals, experts say.

In addition to tightening terms and raising prices, some monoline trade credit insurers earlier implemented policy conditions that allow them to ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!