The HIH claims support scheme

Claudio Damiani, Naomi Bourne and Martin Foo
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Claudio Damiani: Treasury, Government of Australia
Naomi Bourne: Treasury, Government of Australia

Economic Roundup, 2015, issue 1, 18-57

Abstract: The collapse of the HIH Insurance Group in 2001 was a watershed for Australia’s financial sector. The combined government and industry response to its collapse was swift, with the establishment of the HIH Claims Support Scheme to restore confidence to the market and protect a large number of HIH policyholders from potential financial hardship. Despite its rapid development and implementation, the scheme operated effectively and successfully met its objectives.

Keywords: financial crisis; crisis management (search for similar items in EconPapers)
JEL-codes: G2 G3 H8 (search for similar items in EconPapers)
Date: 2015
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