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
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 ABC News and The Age found that the organization was losing hundreds of millions of dollars per year, and had serious mismanagement issues.[1][2]
Governance
[edit]Its board is accountable to the Treasurer of NSW, who appoints the board and CEO.[3]
See also
[edit]References
[edit]- ^ "'Hit them in the pocket': Disturbing conversation between employer and QBE insurance revealed". www.abc.net.au. 27 July 2020. Retrieved 10 August 2020.
- ^ "As executive salaries soar, Australia's biggest workers compensation scheme faces financial disaster". www.abc.net.au. 26 July 2020. 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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