New laws will compel insurers to offer flood cover

Laws forcing insurance firms to provide cover to flood-hit homes and businesses could be introduced next year.

However, the laws will not be able to limit the prices companies impose on those at risk.

A Government minister said that the move may be considered if insurers refuse to adequately explain why they are still failing to provide flood cover in areas where defences are now in place, despite Fine Gael previously ruling out the possibility.