Credit.Credit insurance protects companies against the risk of nonpayment Non`pay´ment n. 1. Neglect or failure to pay. Noun 1. nonpayment - act of failing to meet a financial obligation nonremittal, default failure - an act that fails; "his failure to pass the test" by buyers arising from commercial and noncommercial adj. 1. not connected with or engaged in commercial enterprises. Opposite of commercial nt>. Adj. 1. noncommercial - not connected with or engaged in commercial enterprises risks. Top U.S. Writers Direct Premiums Written 2003 ($ millions) Euler Hermes Amer Cred [02097] Old Republic General Group [00734] Allstate Ins Group [00008] American National P&C Group [18565] Swiss Reinsurance Group [03262] White Mountains Ins Group [18490] Ace INA Group [18498] CNA Ins Cos [18313] Balboa Life & Casualty Group [04062] American Intl Group Inc [18540] Note: Table made from bar graph. Source: Best's State/Line Database (Standard Lines) Direct Premiums U.S. Industry ($ millions) [GRAPHIC OMITTED] Combined Ratio U.S. Industry [GRAPHIC OMITTED] Source: Best's Aggregates & Averages |
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