Insurers on notice to cut premiums in fire service levy overhaul

A NSW Fire Brigade member fights a fire in the Lake Macquarie area this summer. The levy for emergency services will move to council rates this year. Photo: Nick Moir

A NSW Fire Brigade member fights a fire in the Lake Macquarie area this summer. The levy for emergency services will move to council rates this year. Photo: Nick Moir

Insurers are being put on notice that residential premiums must fall by up to 20 per cent after the introduction of a new scheme to fund fire and emergency services in NSW.

But the opposition has questioned whether the savings will be delivered, especially after a government-appointed watchdog's role ends at the end of 2018.