icare (insurance)
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icare is a state-run, insurance corporation. It is owned by the New South Wales Government.
Its primary purpose is to provide workplace injury insurance.
History
[edit]It was formed in September 2015 through the commencement of the State Insurance and Care Governance Act.[1]
It succeeded the since-abolished WorkCover Authority of New South Wales. This followed a recommendation that WorkCover have its insurance and workplace safety investigation roles separated.
In 2020 a joint investigation by Four Corners, Sydney Morning Herald and The Age found that the organization was losing hundreds of millions of dollars per year, and had serious mismanagement issues.[2]
Governance
[edit]Its board is accountable to the Treasurer of NSW, who appoints the board and CEO.[3]
See also
[edit]References
[edit]- ^ State Insurance and Care Governance Act 2015 (NSW) s 4
- ^ Ferguson, Adele; Robinson, Lesley; Day, Lauren (27 July 2020). "Disturbing conversation between employer and QBE insurance over workers compensation revealed". www.abc.net.au. Archived from the original on 29 November 2024. Retrieved 10 August 2020.
- ^ "Best in class Insurance & Care Services for the People of NSW". www.icare.nsw.gov.au. Retrieved 10 August 2020.
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