Tag - Accident Insurance

ACC makes massive $4.9 billion surplus

We are just like a real insurance company now. We make huge profits by not paying out claims.The Accident Compensation Corporation has reported a huge surplus of $4.9 billion, which is set to boost the Government's books an extra $324 million boost. Speaking at release of its annual report, Chairwoman...

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ACC signals reduced levy rates

ACC is proposing reduced levy rates for the 2012/13 financial year thanks to ACC’s improved performance. In 2008/09 ACC disclosed a $4.8 billion deficit for the year and that came on top of a $2.4 billion deficit the year before. This was a trend that couldn’t be allowed to continue....

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