Industry News, Information & Insights
icare update – NSW Transaition
The New South Wales (NSW) Government has introduced significant reforms to the workers' compensation system through iCare. These changes aim to strengthen financial sustainability, improve support for injured workers, and align compensation with...
Claim Declinature
The Christmas - New Year period has historically proven to be a busy period for workers compensation. Due to a variety of reasons, we see a higher frequency of claims during this period. The worker had been terminated two weeks prior to the claim...
NSW Workers Compensation Scheme Review
A NSW Parliamentary review of Workers Compensation Scheme has been released providing recommendations to improve the NSW scheme. The report revealed the scheme is $1.87B in surplus, claims have reduced materially (110,000 in 2011/12 to 60,000 in...
CGU Exit NSW Workers Compensation
With market speculation now confirmed, CGU will exit the NSW workers compensation scheme when its agency agreement with icare ends in late 2017. As noted in our February 2017 Update, expectations were that the five current agents (Allianz, CGU,...