A sharp increase in the number of construction companies unable to meet their debts has resulted in a sudden increase in bad-debt claims from holders of trade-credit insurance policies, a leading broker has claimed.
Celine Caulfield, commercial director of Trade Credit Brokers, a division of the publicly-quoted IFG Group, said the volume of claims made relative to premiums paid, has exceeded the crucial 50 per cent ratio at the leading underwriter of trade credit insurance...
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