Four Corners - Odds on to Fail
The HIH crash: who knew what and when did they know it? With thousands of policy-holders left in hardship and a bill to taxpayers topping $1.5 billion dollars, Four Corners investigates what caused this country's worst corporate collapse.
Reporter Debbie Whitmont discovers HIH was in trouble up as early as 1995. When the alarm bells started clanging they went unheard by regulators even though the market and insiders knew HIH was sliding towards disaster.
Whitmont charts the warnings and the failures to respond. She examines HIH's ill-founded forays into the British and American markets. And, through the observations of a boardroom insider, she provides exclusive insight into the politics and culture of the doomed insurer.
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