Credit insurance, a once-arcane risk management tool, isbecoming increasingly popular in the United States. Why? The answeris simple. Defaults and bankruptcies are at an all-time high.
Accounts receivable typically represent a company's largestsingle asset. Just one large customer defaulting on a payment couldspell disaster–a lesson too many companies have already learned thehard way.
According to the AmericanBankruptcy Institute, business bankruptcy filings reached 30,033 inthe first half of 2009 alone. That's a 64 percent increase over thesame period in 2008.
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