The NSW Government has increased taxes on insurance again, despite the fact that the state is already one of the highest-taxed places in the world when it comes to insurance.

The increases will be brought in at the start of next month.

The fire services levy (FSL) for commercial fire, ISR, and consequential loss as well as contractors all risks increased two percentage points to 36%.

Domestic FSL taxes remained unchanged at 22%.

National Insurance Brokers Association CEO Noel Pettersen says the increase is yet another example of why the industry needs to intensify its campaign against insurance taxes.

“The industry and the community need to get behind this issue before any change can occur,” he said. “Educating policyholders about the issue is paramount.”