It's the tsunami facing Australian homeowners. After two years of a string of some of the worst natural disasters the country has ever faced, home insurance premiums are skyrocketing. Fires, floods, cyclones and hail storms have taken a toll and homeowners are receiving bills with premium hikes of 10-20 per cent on last year, some even higher. LIVE UPDATES: Aussie homeowners are facing huge hikes in insurance premiums following a string of natural disasters.(Nick Moir) A poor year of return on investments and the higher costs of reinsurance in Australia and abroad have resulted in a triple wh...