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In HIH Claims Support Limited v Insurance Australia Limited ,1 the High Court of Australia considered dual insurance issues to determine whether a claim for equitable compensation could be made by HIH Claims Support Limited (HIHCSL), and whether the liabilities of HIH and Insurance Australia Limited (IAL) were “co-ordinate”. Facts
In HIH Claims Support Limited v Insurance Australia Limited, 1 the High Court of Australia considered dual insurance issues to determine whether a claim for equitable compensation could be made by HIH Claims Support Limited (HIHCSL), and whether the liabilities of HIH and Insurance Australia Limited (IAL) were "co-ordinate".
Equity — Contribution — Equal and coordinate liability — Scaffolder Steele sub-contracted to Australian Grand Prix Corporation ("AGPC") — Steele held insurance policy with company in HIH group which, but for HIH collapse, responded to Steele's liability to AGPC — Applicant administrator of HIH Claim Support Scheme —AGPC held insurance policy with State Government Insurance Corporation …
Aug 23, 2011 · HIH Claims Support Ltd v Insurance Australia Ltd  HCA 31. GUMMOW ACJ, HAYNE, CRENNAN AND KIEFEL JJ: ... obligors are under a common burden or common obligation was restated by this Court in the plurality judgment in Friend v Brooker: “With a claim to contribution, as is the position generally with the intervention of equity to apply its ...
Aug 26, 2011 · In our October 2009 Corporate Risk and Insurance Update, we discussed the long running saga of HIH Claims Support Ltd v Insurance Australia Ltd  VSC 434 . It involved a claim for equitable contribution by HIH Claims Support Limited ( HCS ), a scheme created by the Commonwealth Government to assist insureds affected by the collapse of the HIH group of insurance companies ( HIH ).Author: Ray Giblett
How is HIH Claims Support (insurance; Australia) abbreviated? HCS stands for HIH Claims Support (insurance; Australia). HCS is defined as HIH Claims Support (insurance; Australia) somewhat frequently. Printer friendly. Menu Search. New search features Acronym Blog Free tools "AcronymFinder.com. Abbreviation to define. Find.
Aug 24, 2011 · Likewise, in HIH Claims Support Ltd v Insurance Australia Ltd, the appellant was a trustee for the Federal government’s scheme to indemnify those insured by HIH after its collapse whereas the respondent was an insurer. The appellant had paid out 90% of what HIH would have paid to Ronald Steele, who was insured by both HIH and Insurance Australia Ltd (or more accurately, its …
Jun 19, 2015 · 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.
Mar 27, 2012 · HIH Claims Support Scheme (HCSL) has sought to extend the law in relation to equitable principles of dual insurance. ... Australia: Duelling Indemnities: HIH continues to have impact: case law on equitable contribution Insurance Update March 2012 . 27 March 2012 . by ...
Jun 19, 2015 · Two months later, the company changed its name to HIH Insurance Limited (HIH). Shortly afterward, the now fully publicly-owned HIH acquired UK insurer World Marine & General Insurance and Australian insurer FAI Insurance (the latter for $295 million); 6 FAI being a company which was under intense financial pressure at the time, unbeknownst to the directors of HIH.
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