Markets

Shares in Freedom Insurance are being crushed

Shares in Freedom Insurance fell hard in early trade after the company ditched its CEO, announced redundancies and stopped direct sales of its policies. A short time ago, the shares were down 26% to $0.096, a long way from the 12 month high of $0.74. Freedom announced it’s shedding 140 […]
Shares in Freedom Insurance are being crushed
Markets

Freedom Insurance’s CEO is gone and 140 staff have lost their jobs

Freedom Insurance, savaged in the financial services royal commission for its sales tactics, has stopped selling insurance via direct telephone sales. It’s CEO Keith Cohen has been pushed out. And 140 staff will lose their jobs. Freedom Insurance, criticised in the financial services royal commission for its direct telephone sales […]
Freedom Insurance’s CEO is gone and 140 staff have lost their jobs
Markets

Freedom Insurance is in a trading halt as it tries to sort out its future

Freedom Insurance, savaged in the financial services royal commission for its direct telephone sales, has gone into a trading halt. The company was criticised for selling accident and funeral insurance to an intellectually disabled man. Its shares went into a trading halt today pending an announcement about a strategic review. […]
Freedom Insurance is in a trading halt as it tries to sort out its future
Markets

Freedom Insurance apologises, again, as its shares get hammered

Freedom Insurance, criticised in the financial services royal commission for selling accident and funeral insurance to an intellectually disabled man, has apologised in a written statement. Freedom founder and Managing Director, Keith Cohen, says the board, management and staff of Freedom are deeply sorry for “instances of unacceptable behaviour”. Freedom […]
Freedom Insurance apologises, again, as its shares get hammered
Markets

Freedom Insurance shares are diving

Shares in Freedom insurance, which has been subject to criticism in the financial services royal commission, are falling. A short time ago, the shares were down 20% to $0.12, a long way from the month high of $0.42. Yesterday the shares surged by as much as 23% to $0.16. Freedom […]
Freedom Insurance shares are diving