This episode of the Daily Financial Services News Wrap, brought to you by Paige Estritori, highlights major financial news in Australia on May 18th. The podcast begins with a landmark $1.2 million ruling for a former Lederer shopping center caretaker, emphasizing the importance of mental health in the workplace. It then explores the struggling Australian life and risk insurance market, noting a slight growth in total risk premiums and a promising rise in the disability income sector. The episode also discusses the imminent housing crisis with an increasing population and lagging construction due to material shortages and labor constraints. It concludes with critiques of insurance companies for their handling of the 2022 floods in Western Melbourne, leading to a series of inquiries. For more news and services such as insurance, finance, superannuation, and money management, visit financialservicesonline.com.au.

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