Thomas Cook insolvency

Tour operators face higher insurance costs after possible €400m hit for customers

von Paul Needham

Donnerstag, 31. Oktober 2019

Thomas Cook

Thomas Cook Germany's head office in Oberursel, near Frankfurt

Tour operators in Germany may have to pay out much more for insolvency insurance in future after the Thomas Cook collapse left customers reportedly facing up to €400 million worth of losses.

The collapse of the country's second-largest tour operator has shown that even one of the market leaders is not "too big to fail" and can seriously da

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