Credit crunch hits high street; Insurers flee Woolworths

"The turmoil in financial markets has hit the high street with insurers refusing cover to cash-strapped chain store Woolworths.
France-based insurer Coface is now the third and last major credit insurer to withdraw cover from Woolworth’s suppliers, following the lead of Euler Hermes and Atradius.
Being refused credit insurance is likely to have a significant affect on [...]" (2008-10-8)
Read more...