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HIH Insurance was Australia's second-largest insurance company before it was placed into provisional liquidation on 15 March 2001. The demise of HIH is considered to be the largest corporate collapse in Australia's history, with liquidators estimating that HIH's losses totalled up to $5.3 billion. Investigations into the cause of the collapse ...
Company Country Total assets (US$ Billion) 1 Allianz Germany: 1,247.2 2 Berkshire Hathaway United States: 958.8 3 Prudential Financial United States: 937.6 4 Ping An Insurance China: 937.0 5 China Life Insurance China: 900.5 6 Axa France: 846.3 7 Legal & General United Kingdom: 786.1 8 MetLife United States: 759.7 9 Nippon Life Japan: 725.0 10
Australia's insurance market can be divided into roughly three components: life insurance, general insurance and health insurance.These markets are fairly distinct, with most larger insurers focusing on only one type, although in recent times several of these companies have broadened their scope into more general financial services, and have faced competition from banks and subsidiaries of ...
The J.D. Power life insurance study identifies not only the best companies in the U.S., but also the worst. Of the 21 companies surveyed in the 2021 edition, Transamerica ranked #19, with a score ...
CHOICE also holds the annual "Shonky Awards" that highlight dubious or dishonest behaviour from companies. The awards help consumers to identify the worst of the worst, and name and shame that year's shonkiest products and companies. [9] [2] "Shonky" is Australian slang meaning "unreliable, unsound, dishonest, poor or of dubious quality; shoddy ...
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