HIH Insurance

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The following sections: ? Explain which policyholders have had their policies taken over by other companies ? Identifies those policyholders with HIH and its subsidiaries that were at risk of suffering financial loss by not having their insurance contracts honored and claims paid, and ? Identifies policyholders that may need to take out new insurance cover HIH collapse - breach of directors' duties - case note on ASIC v Adler [2002] In ASIC V Adler [2002]; ASIC sought declarations against three directors of HIH Insurance Ltd (HIH)...
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It was due to the fact that HIH had breached the directors duties contained in the Corporations Act 2001. ASIC also sought declarations that the three directors were liable as persons involved in HIH's insurance and its subsidiary HIH Casualty LTD's (HIHC) contraventions of the Corporations Act...
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