Insurers get two-week deadline to present options for flood-hit areas

Insurers get two-week deadline to present options for flood-hit areas

The insurance industry has two weeks to respond to requests from the Government on insuring those living in flood-prone areas.

The Taoiseach wants them to reflect on the current level of insurance provided in areas where flood protection works have taken place, and also to look at their approach to removable flood defences.

The Tánaiste, Taoiseach and other Ministers met industry representatives today over its refusal to provide cover for areas where flood defences have been installed.

All options are being examined, including a levy on all insurance policies - which the Government does not favour.

Joan Burton said the insurance industry had to be part of solving the problem.

"There is a framework now to have a continuing engagement with the insurance industry to actually sort out the problems, which relate to different river systems and areas of the country," she said.

"That in itself, as a start, is hugely helpful."

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