Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Committee on Public Petitions

Reform of Insurance for Thatched Heritage Buildings: Discussion (Resumed)

Photo of Pat BuckleyPat Buckley (Cork East, Sinn Fein) | Oireachtas source

We are going to be facing something similar to this in my own town with the recent flooding and stuff. I understand companies have to make a profit but not extortionate profits from the suffering of someone else. Well before the recent flooding in Midleton, we had a flood back in 2015 or 2016 that did a lot of damage. People were coming into my office saying they could not get house insurance because their address was in Midleton. One fella was living in a place called Forest Hill. I spoke to the broker and said to listen to the address - Forest Hill. The house is up on top of the hill by the forest. They do not build in Castlelake or Water-rock. Incidentally, they actually are building homes in a place called Water-rock, which really aggrieves me because it is on a floodplain but that is for a different day. For house insurance and water damage insurance, there does not seem to be any alternative plan. If there is a disaster, you plan what to do in five or ten years if it happens again to be ready for it.

Mr. Curtin mentioned his members. Are they shareholders or what?

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