The Channel logo

back to article 'Petrified' insurers slam wallets shut as more resellers go titsup

The small sequential rise in reseller insolvencies in Q3 - in line with seasonality - will do nothing to calm credit insurers' general uneasiness about the IT sector. Data from credit reference agency Graydon UK, shows 75 channel firms bit the dust during the summer quarter, up from 64 in Q2 but dramatically lower than the 93 of …

COMMENTS

This topic is closed for new posts.
Silver badge
Facepalm

breaking news

"Insurers finding more flimsy excuses to refuse payout and up premiums"

0
0
Bronze badge
Holmes

devils maybe...but they do provide security..

Insurers pay out only on a successful claim, where cover is granted and where the insured followed their own credit policy requirements. Like all insurers, they up premiums when the gap between claims paid to premium income generated narrows or where the insured has acted irresponsibly or made too many claims.

In fairness, insurers pay out a hell of a lot...all one needs do is look at their financial statements.

0
0
This topic is closed for new posts.

Forums

Opinion

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow
Pure Storage array

Neil McAllister

How the cloud taught Redmond to play by a new set of rules

Features

Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly
Fraud image