The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.

ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.

In the previous year, it reported a $911 million surplus.

NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.

LISTEN ABOVE

The Accident Compensation Corporation concedes there’s room for it to tighten its processes, as it proposes increasing the levies it charges to help pay for rising claims costs.
ACC said, in its just-released annual report, that “lower-than-expected rehabilitation performance” contributed towards it reporting a wider-than-expected $7.2 billion deficit in the year to June.
In the previous year, it reported a $911 million surplus.
NZ Herald Wellington business editor Jenee Tibshraeny unpacked the factors behind the deficit - and examined how the insurer could turn things around.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jenee Tibshraeny: NZ Herald Wellington business editor on the Accident Compensation Corporation reporting a $7.2 billion deficit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/48961e26-6097-426a-baa4-b20b007be192/transcript

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