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From the Archives, 2001: HIH Insurance in liquidation
From the Archives, 2001: HIH Insurance in liquidation
20 years ago, the fall of insurance giant HIH created a nightmare for employees, shareholders and thousands of policyholders across the country. It was arguably the largest corporate collapse in Australia’s history.
By Anthony Hughes and Kate Askew
March 15, 2021 12.00am
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HIH Insurance in liquidation
Australia’s general insurance sector has been rocked by the demise of HIH Insurance, which after months of speculation last night placed itself into provisional liquidation.
Bruce Fishpool, of Merewether, one of the many home owners affected by the collapse of HIH, pictured in March 2001.