Breaking: Tasmanian government breaks election promise as TasInsure overhauled

Tasmania's government scrapped its election promise to establish a state-owned insurance company called TasInsure on Tuesday. Instead, Premier Jeremy Rockliff will create a regulatory body to oversee the insurance market and support competition. The Liberals had pledged TasInsure would save families and small businesses $250 annually, but the government now says this approach better serves Tasmanians.

Summary by Glance · ABC News – Australia