Fri, 17th May 2024 - Financial Services News Wrap

What this episode covers

In this episode, Financial Services Online covers news from Australia impacting insurance, finance, superannuation, and money management. A landmark court ruling bestows a former caretaker a substantial compensation of $1.2M for PTSD due to a fatal incident at work, likely affecting workplace safety norms around mental health. Changes in policy and adviser shortage show a minor increase in risk premiums but a sharper rise in new disability income business, whereas group insurance experiences a dip due to the Protecting Your Super regulations. Australia's escalating housing issue, propelled by population growth, material shortage, and labor constraints might lead to a housing supply crisis. Lastly, criticisms come to light as insurers handle the aftermath of the 2022 Melbourne floods inaccurately, with concerns about the future insurability of homes in disaster-prone areas.

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Frequently Asked Questions

How long is this episode of Financial Services News Wrap?

This episode is 2 minutes long.

When was this Financial Services News Wrap episode published?

This episode was published on May 16, 2024.

What is this episode about?

In this episode, Financial Services Online covers news from Australia impacting insurance, finance, superannuation, and money management. A landmark court ruling bestows a former caretaker a substantial compensation of $1.2M for PTSD due to a fatal...

Can I download this Financial Services News Wrap episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.