SVP: Insurance firms taking advantage after floods

A CHARITY has warned the Insurance Ombudsman of Ireland that firms are taking advantage of hundreds of people as a direct result of the November floods crisis.

In a letter sent to the independent watchdog, St Vincent de Paul (SVP) said insurance companies are refusing to pay out full claims and are delaying payment to policy holders in Cork, Clare and Galway.

The document from the poverty group’s national president, Máiréad Bushnell, seen by the Irish Examiner, has alleged that people whose homes were destroyed by the floods are having to wait inordinate lengths of time for insurance pay-outs.