Insurance bill for October flooding tops €127m

Some €127m worth of insurance claims have been registered as a result of last October's floods in the east of the country.

The Irish Insurance Federation (IIF) today said more than 6,700 customers were affected.

A total of €59m worth of claims came from commercial properties, €58m from households, and a further €10m was allocated to motor claims.

"The October floods caused significant destruction during a very short time frame and insurers worked with customers to ensure they were back on track as fast as possible," said IIF spokesperson Michael Horan.

"6,703 customers were affected during this period and the total cost of claims amounted to €127m.

"This money was injected back into the economy creating employment through repair work carried out to homes and businesses."