Five-year program includes volatility cover from Berkshire Hathaway and Canada Life, which would see FY25 peril costs limited to AU$1.283bn in 90% of modelled scenarios.
Insurer self-reported non-compliance and pays over AU$21m (US$13.83m) for federal wages and entitlements, while settling AU$16.2m for state and territory long service leave entitlements.
White Oak is set to lodge new legal claims in Australia against Greensill Capital's insurers for alleged knowledge of policy issues, as it seeks to recover funds lost due to Greensill's collapse.
The Australian regulator initiated civil proceedings against IAL and IMA for allegedly misleading customers about loyalty discounts on home insurance policies.
