HIH Insurance Group collapse – Parliament of Australia
https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/archive/hihinsurance
There are few surprises when it comes to insurance, but when they do come, they nearly always bring bad news. Such was the demise of HIH Insurance Limited (HIH): both a surprise (to many) and very bad news for many policyholders. On Thursday, 15 March 2001, HIH received approval from the NSW Supreme Court to … Shareholders of HIH are likely to incur significant losses on their investment, perhaps their entire capital. The extent of these losses will be revealed over time. Immediately following the collapse of HIH, numerous reports appeared in the press about HIH policyholders not having their insura…
There are few surprises when it comes to insurance, but when they do come, they nearly always bring bad news. Such was the demise of HIH Insurance Limited (HIH): both a surprise (to many) and very bad news for many policyholders. On Thursday, 15 March 2001, HIH received approval from the NSW Supreme Court to …
Shareholders of HIH are likely to incur significant losses on their investment, perhaps their entire capital. The extent of these losses will be revealed over time. Immediately following the collapse of HIH, numerous reports appeared in the press about HIH policyholders not having their insura…
DA: 4 PA: 3 MOZ Rank: 67