Insurers brace for big hit as First Brands bankruptcy unwinds web of receivables
Insurers Brace for Massive Losses as First Brands Bankruptcy Exposes $2.3 Billion Receivables Black Hole The auto parts empire that once fueled America’s garages with spark plugs and wiper blades has imploded into a financial abyss, leaving credit insurers scrambling to tally billions in potential payouts. First Brands Group’s Chapter 11 filing last month unearthed … Read more