Jul 9, 2026 – 6.27pmInsurers have backed a NSW Treasury plan that would save households in flood-prone regions $565 a year in premiums by increasing charges on the top 5 per cent of land by value, including residential land worth more than $1.95 million.The state parliament is considering five options to change the emergency services levy (ESL) proposed by the NSW Treasury to shift from a surcharge on insurance, which can contribute to underinsurance, to a general land tax.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
A $565 insurance saving in the regions could sting rich households
The Insurance Council backs NSW Treasury emergency services levy changes to improve equity, but not all households will be winners.
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