Noonan: Govt can't force insurers to cover flood-hit areas

Noonan: Govt can't force insurers to cover flood-hit areas

The Finance Minister Michael Noonan has said he does not have the power to force insurance companies to offer cover to people in areas prone to flooding.

Mr Noonan says neither he nor the Central Bank can force companies to offer insurance products to specific individuals.

Thousands of people in parts of Cork and Limerick are unable to get insurance for flooding, and are still coming to terms with the damage caused by heavy rains earlier this month.

The State has previously ruled out a scheme to protect householders who cannot get flood insurance, as it would give insurers an excuse not to offer cover to certain households.


More in this Section

Cllr says arson attack on family home in Longford was 'attempted murder'Cllr says arson attack on family home in Longford was 'attempted murder'

Only a matter of time before coronavirus reaches Ireland, doctor saysOnly a matter of time before coronavirus reaches Ireland, doctor says

Cabinet told Brexit will have adverse impact on citizens and businessesCabinet told Brexit will have adverse impact on citizens and businesses

Ireland remains on high alert for possible Coronavirus cases, Cabinet toldIreland remains on high alert for possible Coronavirus cases, Cabinet told


Lifestyle

Des O'Sullivan takes a look at Bill Wyman's Rolling Stones memorabiliaRolling Stones memorabilia going under the hammer

All ages can suffer from spots across their back but thankfully, there are many things we can do about them, says Jennifer RockThe Skin Nerd: back to basics to treat the pesky plague of ‘bacne’

Roz Crowley tests eight coffees ahead of Fairtrade FortnightEight of the best fairtrade coffees to try

Steel Panther give metal fans the chance to let their hair down and laugh at themselves, and the Cork audience is in party mood.Live review: Steel Panther at Cyprus Avenue

More From The Irish Examiner