Insurers unlikely to sue ESB over floods

Insurance companies areunlikely to take legal action against the ESB for the floods which devastated Cork city in 2009.

Despite the decision by University College Cork (UCC) to sue the ESB for €18m in damages, the Irish Insurance Federation (IIF) does not envisage its members taking similar action, an Oireachtas committee heard yesterday.

An estimated €150m in property damage occurred after the ESB released millions of litres of water from its Inniscarra Dam on the River Lee in Nov 2009.