Business & Tech

Insurers Decline To Renew Toys 'R' Us Policies After 2 Years Of Loses: Report

Loss of coverage raises concerns for toy suppliers, report says.

Insurance companies are rolling back their coverage of Toys “R” Us Inc. suppliers as the company has endured two years of loses.

Losing insurance from Coface SA and Euler Hermes Group, which sell credit insurance, could raise concern with toy suppliers, Bloomberg News reported, as they consider the risk of shipping items to Toys “R” Us.

Toys “R” Us is also dealing with $5 billion in debt. The cost to protect the company against defaulting on its debt rose to 43.5 percent Monday, Bloomberg reported.

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Wayne-based Toys “R” Us declined to comment to Bloomberg.

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