ABI: trade credit claims up 95% in 2009

Nick Starling

Latest figures from the Association of British Insurers show that trade credit insurance helped UK businesses by dealing with 22 791 claims in 2009.

The total amount paid in claims rose from £164m in 2008 to £320m in 2009, a 95% increase year-on-year. These figures reflect the ongoing effects of the global recession and the liquidity crisis on UK

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