Insurance premiums could rise if flooding set to hit parts of Munster and Leinster this weekend leads to a rise in claims.

Over a thousand Irish insurance brokers are set to descend on the Dublin convention centre for a meet and greet with Lloyds underwriters.

HOMEOWNERS looking to renew their home insurance should brace themselves for rises in premiums of up to 15% by the end of the year, the Irish Brokers Association warned yesterday.

INSURERS are restricting the number of homes they are offering flood cover to as the industry paid out in Europe €1 billion in the last 14 months on weather-related incidents.

HARD-pressed consumers are set to be hit in the pocket yet again after insurers announced plans to raise house premiums by 15%, significantly reduce coverage and force customers to pay up to €1,000 of their claim costs.

HOUSEOWNERS are over-insuring their houses because they are unaware that premiums are calculated on rebuilding costs, not the market value.

THE €10 million humanitarian flood relief package unveiled by the Government was under attack last night for being too meagre.

HOMEOWNERS living in areas subject to subsidence and flooding could find they are unable to get house insurance as companies refuse to offer cover.