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Small Traders Chasing 7K in Late Payments on Average

9 March 2023 alastair walker 0

New research from Direct Line business insurance reveals tradespeople are currently owed on average £6,984 which is past the due date for payment. Late payments are a longstanding issue and many tradespeople have had to […]

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News

Unpaid Invoices Still a Problem, Says Atradius

27 December 2021 alastair walker 0

UK businesses report losing £8 for every £100 billed in the last year due to the non-payment of invoices, according to the research by trade credit insurer Atradius. The Atradius Payment Practices Barometer reveals nearly half […]

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Legal

Claims: Fake Physio Invoice Exposed in Court

24 November 2021 alastair walker 0

Horwich Farrelly, the specialist insurance industry legal services firm, alongside Covea Insurance, have recovered £35,000 in legal costs after successfully defending a claim involving a fraudulent physiotherapy invoice. The claim brought by Marc Elvidge, for […]

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Global insurance trends

Group IB Says It’s a Scamdemic World Out There

14 June 2021 alastair walker 0

Group-IB, a global threat hunting and adversary-centric cyber intelligence company that specializes in investigating and preventing hi-tech cybercrimes, has released a comprehensive analysis of fraud schemes on a global scale. In total, fraud accounts for 73% of all online […]

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InsureTech

Christmas Holidays Are For Wimps, Say Cyber Hackers

18 December 2020 alastair walker 0

Unfortunately cybercriminals don’t respect the sanctity of the holidays and, in fact, Christmas makes them more creative, warns CFC, the specialist insurance provider and pioneer in emerging risk. The festive period has created a range […]

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Global insurance trends

US Market: Late Payments Are Putting the Squeeze on Businesses

8 July 2020 alastair walker 0

Late payments have soared in the USMCA region as businesses are squeezed by the impact of COVID-19, reveals the latest research by leading trade credit insurer Atradius. The annual Payment Practices Barometer by Atradius analyses the payment behaviours […]

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Fraud

Atradius Warns On Rising Business Sector Fraud- Check Your Customer Details

29 June 2020 alastair walker 0

Trade credit insurer Atradius is warning businesses to be vigilant after seeing a rise in fraud during the coronavirus pandemic. The increase in impersonation fraud is believed to be as a result of opportunistic fraudsters seeking […]

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Global insurance trends

Late Payments Becoming a Growing Problem, Says Atradius

10 June 2020 alastair walker 0

Payment delays in Asia have increased, according to new economic research by leading trade credit insurer Atradius. The Atradius Payment Practices Barometer, released today (10th June 2020) measures the changing pattern of payment behaviour in B2B trade. In […]

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