Construction Enquirer has reported that structural steel giant Billington has said a payout from its credit insurer has spared it from a major hit following the collapse of ISG. In a trading statement today, it said: “The Group has received an interim payment from its credit insurer, and subject to formal acceptance by the insurer of an independent assessment of the remaining claim, the financial impact on Billington is expected to be materially restricted to the excess on the Group’s credit insurance.” To read Construction Enquirer’s article, go to https://www.constructionenquirer.com/2024/12/11/credit-insurance-saves-billington-from-isg-hit/.