Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:corporate_collapse
|
| gptkbp:affects |
shareholders
employees policyholders insurance industry in Australia |
| gptkbp:cause |
financial mismanagement
fraudulent activities poor corporate governance under-reserving for claims |
| gptkbp:date |
2001
|
| gptkbp:estimatedLoss |
A$5.3 billion
|
| gptkbp:involvedIn |
gptkb:HIH_Insurance
|
| gptkbp:keyPerson |
gptkb:Ray_Williams
gptkb:Bradley_Cooper gptkb:Rodney_Adler |
| gptkbp:largestCorporateCollapseInAustralia |
true
|
| gptkbp:ledTo |
Royal Commission into HIH Insurance
|
| gptkbp:legalOutcome |
criminal convictions for executives
imprisonment of Ray Williams imprisonment of Rodney Adler |
| gptkbp:mediaCoverage |
extensive
|
| gptkbp:occurredIn |
gptkb:Australia
|
| gptkbp:prompted |
changes to corporate governance laws
reforms in insurance regulation in Australia review of APRA's role |
| gptkbp:resultedIn |
liquidation of HIH Insurance
|
| gptkbp:bfsParent |
gptkb:Rodney_Adler
|
| gptkbp:bfsLayer |
8
|
| https://www.w3.org/2000/01/rdf-schema#label |
HIH Insurance collapse
|