Insurance claims from historic flooding across Queensland and northern NSW look set to reach at least $3 billion and further fuel rising insurance premiums, as Scott Morrison concedes natural disasters linked to climate change are making Australia a harder place to live.
Preparing to ask Governor-General David Hurley to declare a national emergency as soon as Friday, the Prime Minister announced millions in new federal government assistance and promised an urgent start to the recovery effort.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
