HIH Insurance Liquidation and Breach of Duty by Directors Background 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 place HIH into provisional liquidation. Tony McGrath of KPMG was appointed as provisional liquidator to HIH and 17
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management in the insurance industry; (2) analyze risks specific to the insurance industry; (3) analyze the impact of regulatory and other market factors on expected savings; (4) evaluate financial strategies that can be applied to minimize the risk of loss; (5) analyze expected savings based on proposed risk management strategy; and (6) synthesize analysis into final recommendation for the risk management strategy. Factors affecting risk management in the insurance industry Insurance Companies compete
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OPERATIONS MANAGEMENT GROUP ASSIGNMENT MANZANA INSURANCE CASE ANALYSIS OPERATIONS MANAGEMENT CASE ANALYSIS Case Background About the firm Manzana Insurance was founded in Sebastapol‚ California in 1902. It originally specialized in orchard and farm insurance. In 1906‚ after the San Francisco Fire‚ it saw an opportunity and expanded into a number of areas. The main lines of business initially were Commercial property insurance only. Then Manzana dabbled into commercial liability segment
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Introduction Life insurance or life assurance is a contract between the policy owner and the insurer‚ where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s or individuals’ death or other event‚ such as terminal illness or critical illness. In return‚ the policy owner agrees to pay a stipulated amount at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after
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Supplemental insurance is extra insurance that covers specific things not covered by your standard major medical policy. It is a separate policy with separate benefits. A Medicare supplement may be a readily familiar example as it is one of the most common types. Medicare doesn’t cover prescription drugs‚ at home care‚ nursing homes‚ or long term care. Thus‚ many seniors buy additional insurance that does cover one or more of those items without competing directly with Medicare‚ thus sidestepping
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Diploma of Financial Services (FP) Case Study It is November‚ 2010. You are an authorised representative of a full-service licensed dealer group‚ Azza Financial Services Pty Ltd. Allison and Simon Callahan have come in to see you to ask for your assistance to plan out their next five years and then help them settle into retirement. Allison (aged 54) and Simon (aged 52) have been married for 29 years and live at Lot 3 Wattle Road‚ Hurstbridge‚ Vic. Their only child
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SHIPPING CORPORATION V NEW INDIA ASSURANCE COMPANY‚ LTD. [CITATION] QUISUMBING; May 2‚ 2006 NATURE Petition for review on certiorari FACTS - Societe Francaise Des Colloides loaded a cargo of textiles and auxiliary chemicals from France on board a vessel owned by Franco-Belgian Services‚ Inc. - The cargo was consigned to General Textile‚ Inc.‚ in Manila and insured by respondent New India Assurance Company‚ Ltd. - While in Hongkong‚ the cargo was transferred to M/V P. Aboitiz for transshipment
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Read the case study of Transact Insurance Ltd. Use one of the models in the chapter on culture or the prescribed articles to describe the culture of the organisation. Also identify the major influences on the evolution of that culture. Consider the changes in the South African environment (competition‚ globalisation‚ employment equity‚ downsizing‚ need for innovation‚ etc)‚ and indicate the suitability of the organisational culture for the future objectives of the organisation. Case study: Transact
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In case you or someone you care about is a victim of a motorbike crash resulting in traumatic brain injury‚ it’s essential to speak to a motorcycle accident attorney and a specialist in traumatic brain injuries who can help reconstruct the incident and also acquire compensation. There are several possible causes of brain injuries‚ but the leading cause is motorcycle accidents. Motorbike accidents along with auto accidents are the biggest source of these injuries in the United States alone. Vehicle
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Finance Case Study BY: STAPLE CENTRE Case: GLIC
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