This company profile is not publicly available
Health insurance provider
Established in 1952.
|NIB Holdings Ltd||AUS||website|
|NIB Holdings Ltd|
Health insurance funds have led the broader divestment out of tobacco and in many cases munitions, acknowledging the hypocrisy of investing in products which threaten human health. Market Forces, an affiliate of Friends of the Earth Australia, is calling on health insurance funds to divest from fossil fuels on the grounds that they are harmful to human health. This company has invested $93 million in fossil fuels between 2008 and 2016. NIB has divested from fossil fuels in their international share portfolio, but is still invested in fossil fuels in their Australian share portfolio.
[Source 2016][More on Climate Change]
In 2017 the ACCC instituted proceedings in the Federal Court against NIB Health Funds, alleging it contravened the Australian Consumer Law by engaging in misleading or deceptive conduct, unconscionable conduct and making false or misleading representations. The ACCC alleges that NIB failed to notify members in advance of its decision to remove certain eye procedures from its "MediGap Scheme" in 2015.
[Source 2017][More on Irresponsible Marketing]
|Company Structure||Public company|
|Address||22 Honeysuckle Drive, Newcastle, NSW, 2300, Australia|
|Phone||13 16 42|
|Fax||02 4925 1900|