Tasmanian government breaks election promise over TasInsure as 'insurance company' overhauled

The Tasmanian government has been accused of breaking an election promise after revealing it would no longer setup up a state-owned insurance company. Instead it's planning to create a statutory authority to oversee and support the insurance industry to keep premiums lower. The shift is based on advice from an independent expert who found the original proposal was high risk, expensive and unlikely to succeed.