State wants to encourage more homeowners to have insurance amid fires and floods with emergency services to instead be funded by new ‘contribution’

The New South Wales emergency services levy will be cut from home insurance premiums as part of a reform plan announced by the premier, Chris Minns, to fix the “unsustainable” scheme.

The change would lower the cost of insurance premiums which the government hopes would encourage more people to insure their homes in the face of greater fire and flood threats.

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