Heavy flooding could lead to hike in insurance premiums

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

The Irish Brokers Association warned that if claims rise as a result of the forecasted flooding in some parts of the country, it could have a knock-on effect on premiums.

Director general of services at the association, Brian McNelis, said that any flooding at this time of the year could hit premiums.