​This Insurance News articles explores how the New South Wales (NSW) Labor Government plans to abandon the current insurance-funded Emergency Services Levy (ESL) and introduce a fairer system.

The premier, Chris Minns, believes that the current scheme is inefficient and unsustainable.

The ESL is a levy collected from insurance policyholders to fund the state's emergency services. The NSW government aims to reduce insurance premiums by cutting the ESL from home insurance policies.

Andrew Hall, CEO of The Insurance Council of Australia says "Reforming the ESL will be a major win for insurance affordability in NSW, an issue that is being discussed around.. the state"

To read the full article, visit InsuranceNews.com.au