Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores. The reason? The 66-year-old family-owned sock maker can’t get enough credit insurance to cover potential losses if the stores can’t pay for the goods they’ve ordered. Without that insurance, Gold Medal —… Continue reading Suppliers Reluctant to Ship Goods Without Credit Insurance
Tag: credit insurance
The Role of Credit Insurance During Coronavirus
The cessation of business as usual resulting from the effects of Coronavirus has shattered confidence in normal business relationships and triggered a recession. Credit insurance can help fill this confidence gap. Credit insurance protects an insured company’s accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. Insured companies are… Continue reading The Role of Credit Insurance During Coronavirus
Impact of COVID-19 on the Insurance Industry Starts with Credit Insurance: Demotech
The COVID-19 pandemic and the historic federal, state, and local government efforts to mitigate its spread has stopped the economy in its tracks. The unemployment rate in the US may reach record levels. In the insurance industry, some discussion focuses on the response of business interruption insurers. The dialogue will likely continue in court or… Continue reading Impact of COVID-19 on the Insurance Industry Starts with Credit Insurance: Demotech