Legal & Prof + People

Taxes add 50% to premiums

By Bill Gloyn, Bill Gloyn14 November 2003

The insurance regime down under is not dissimilar to our own. It is highly regulated: for the Financial Services Authority read the Australian Prudential Regulatory Authority (APRA). However, APRA did not blow the whistle on HIH, one of the largest indigenous insurers, until it was already insolvent in 2001. Subsequently, ...

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