Jul 22, 2026 – 5.00amWorkers’ compensation scheme reforms in NSW and Victoria have yet to have an impact on the soaring cost of business insurance, says Australian Industry Group CEO Innes Willox.Driven by a spike in mental health claims, particularly in the fields of healthcare and the public sector, workers’ compensation costs continue to outrun the reforms, he told the Financial Review Insurance Summit in June, noting that mental health problems were more difficult to treat than physical injuries and it was more difficult to get affected employees back to work.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Rise in workers’ claims pushing business insurers to the brink
Reforms in NSW and Victoria aimed at rescuing workers’ compensation schemes from a growing burden may just shift the problem onto insurers.
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