Brought to you by:

US action looms

Complicating the HIH legal picture even further is the intervention by three large US fishing groups insured by the company’s North American operations. According to the Financial Review, 44 fishing companies in Alaska, Washington state and Oregon have millions of dollars in unpaid claims. They may apply to seize HIH’s US assets, including its beneficial interest in the San Moritz Hotel in New York the insurer inherited from FAI.