HIH Insurance collapse

GPTKB entity

Statements (29)
Predicate Object
gptkbp:instanceOf 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
https://www.w3.org/2000/01/rdf-schema#label HIH Insurance collapse
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 7