Good morning. A new report has found the biggest increase in two decades for home insurance premiums in high-risk parts of Australia, as global heating increases the frequency and cost of climate disasters. The Actuaries Institute’s research found median home insurance premiums rose by 28% in the year to March – with costs in high-risk and flood-prone areas shooting up by as much as 50%. There are concerns among peak bodies that some people may abandon insurance altogether.
Meanwhile, the Australian government settles with the family of refugee Reza Barati, the Hawaii fires death toll is still rising, and we look back at the Matildas’ thrilling victory and ahead to the England semi-final on Wednesday.