A deficit at NSW’s embattled workers compensation insurer has blown out by more than $1 billion in six months as more workers file stress injury claims and return to work rates plummet.
Icare’s deficit ballooned to $1.5 billion in the second half of 2021, driven by a jump in the number and value of claims which pushed total liabilities to $22 billion compared to total assets of $21 billion.
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Samantha Hutchinson is the AFR's National Reporter. Most recently, she was CBD columnist for The Sydney Morning Herald and The Age. Before that, she covered Victorian and NSW politics and business for The Australian, the AFR and BRW Magazine. Connect with Samantha on Twitter. Email Samantha at samantha.hutchinson@afr.com.au
