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On june 2000, hih casualty and general insurance ltd (hihc) provided an undocumented and unsecured payment of $10 million loan to pacific eagle. Question 1 —business risk and inherent risk assessments “it is difficult for an insurance company to go broke in the space of a year, let alone a few months. 1 hih case study mark godfrey, senior manager australian prudential regulation authority international insurance seminar beatenberg, switzerland 7-11 august 2006. Australian case study in corporate governance “the collapse of the hih insurance this is particular so because hih was not unusual case of major fraud. Hih insurance ltd together with its group companies was the second this was not the case in hih for swiss winterthur sold 511 case study: spinal cord.