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2.0¢ freedom insurance group ltd

how low can this go?, page-165

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HAC30

5,127 Posts.

367

13/09/18

14:55

Post #: 35579279
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Originally posted by ReXXar ↑

Yes and no.

Freedom gets paid for administering the claims, as some insurers are prohibited from doing so, in FY18 they received $3.2 million for doing this work. The contract between the policy holder is a legal document between themselves and Freedom, regardless who Freedom decides to select as insurer/re-insurer the terms stay the same for the policyholder. If Freedom goes bust tomorrow, their 357,000 customers will definitely be effected.

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Plenty of other claims services out there. Non-event.

FIG Price at posting: 11.5¢ Sentiment: Sell Disclosure: Not Held
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