Victorian industry: no gas, no compensation

Article Abstract:

Esso's plant in Longford, Victoria in Australia suffered a disaster which left it unable to provide power to area businesses. This lack of power is costing the companies around $100 million (Australian) each day, and most do not have insurance that covers the situation. Only 32% of Australian businesses have insurance in the case of interruption of public utilities.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Energy via Natural Gas, Accidents, Gas industry, Business insurance, Victoria, Esso Australia Ltd.

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Bad business goes by the board

Article Abstract:

Many professionals are wondering if the investigation into HIH Insurance's collapse will bring about stricter corporate governance regulations. It looks as though the government will have no choice other than to tighten auditing regulations and rework board structures.

Laws, regulations and rules, Corporate directors, Investigations, Corporations, HIH Insurance Ltd.

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Insurance lockout

Article Abstract:

Concerns of accounting firms in bidding for government tenders in Australia are discussed in the light of the professional indemnity insurance requirement, which makes the battle tough for companies.

Forecasts, trends, outlooks, Contracts & orders received, Commodity & service prices, Management dynamics, Contracts & orders let, Prices and rates, Forecasts and trends, Contracts, Market trend/market analysis, Contract agreement, Company business management, Public contracts, Government contracts, Company pricing policy, Government contract

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