Oireachtas set to quiz insurers over flood cover

An Oireachtas committee is set to grill the insurance industry on flood cover ahead of a major EU report which is expected to recommend that flood-risk properties be insured.

Cork South Central TD Ciaran Lynch, chairman of the Oireachtas committee on the environment, transport, culture, and the Gaeltacht, confirmed last night that the has invited the Irish Insurance Federation (IIF) to appear before it to discuss the challenges faced by home and business owners as a result of flooding.

“The refusal of flood insurance to areas seen as high risk seems to defeat the entire purpose of insurance,” said Mr Lynch.