Noonan: Insurance companies’ attitude to flood protection 'cannot be allowed to continue'

Noonan: Insurance companies’ attitude to flood protection 'cannot be allowed to continue'

Finance Minister Michael Noonan has said that the attitude of insurance companies to flood protection measures is "bordering on the ridiculous".

Michael Noonan's faced questions in the Dáil about the fact that hundreds of millions of euro of taxpayers’ money is to be spent on so-called "demountable" flood protection schemes.

The insurance industry is refusing to accept such schemes as sufficient and continues to deny cover, however.

Michael Noonan said that he does not understand it.

“In my view, the attitude of the insurance industry to the provision of insurance where demountable defences have been put in place is now bordering on the ridiculous, and it cannot be allowed to continue,” he said.

“Demountable defences are now an internationally accepted and established measure for providing flood protection.”

More on this topic

At least seven dead as heavy rain hits France, Italy and GreeceAt least seven dead as heavy rain hits France, Italy and Greece

Death toll rises to 65 in Kenya floodingDeath toll rises to 65 in Kenya flooding

Saving Venice means restoring its citizensSaving Venice means restoring its citizens

Vulnerability of Venice exposed by devastating series of floodsVulnerability of Venice exposed by devastating series of floods


More in this Section

Masked men condemned for shooting in house with four childrenMasked men condemned for shooting in house with four children

'One in a million': Ghost ship from African coast washes up on rocks in Cork'One in a million': Ghost ship from African coast washes up on rocks in Cork

Storm Dennis: Hailstones the size of marbles fall in KilkennyStorm Dennis: Hailstones the size of marbles fall in Kilkenny

Gardaí concerned for well-being of missing Wicklow womanGardaí concerned for well-being of missing Wicklow woman


Lifestyle

When Marisa Murphy went to play as a teenager on Dinish Island, she could still see the flowers growing among the ruins in her grandmother’Islands of Ireland: Barely inhabitated Dinish became an industrial zone

MAC make-up artist Lucy Bridge shares her tips backstage at Roland Mouret.How to create the perfect matte red lip, according to a backstage beauty expert

New trends include chunky heeled boots, silver belts and lots of plaid from the British designer.Victoria Beckham got ‘rebellious’ for her new collection – as David and family watched on

When horses were shown photographs of angry human faces, their hearts speeded up.Jackass penguin talk is similar to humans

More From The Irish Examiner