Chalmers accuses Coalition of ‘horrendous contradiction’ as Taylor appears to backflip on insurance crackdown

Despite Dutton’s February proposal, shadow treasurer says divestment will be ‘confined to supermarkets and hardware’

Angus Taylor has appeared to backflip on the Coalition’s commitment to crack down on insurance companies if they do not bring down premiums.

In February, the opposition leader, Peter Dutton, told Sky News the Coalition was prepared to “intervene” in the insurance market.