Mick Barry (Cork North Central, Solidarity) | Oireachtas source

Yes. If we are to be ahead of the curve here, and we see what is coming in terms of climate change, then in Cork city we need to be looking at options like a flood barrier. There are many experts, and I am referring to people who are qualified to speak on this subject and not lay people, who have said this is the way to go. I strongly urge the OPW and the Government to look at this possibility as an option. In Blackpool, I believe there are alternative ways of dealing with this issue, which would protect the wildlife and the village as well. These should be examined as well.

The final point I wish to make is on the question of insurance. Two days ago, Allianz Insurance announced profits of €50 million, which was an increase of 12%. FBD's pre-tax profits are up to €39 million for the first six months of 2023. We have a fabulously profitable insurance industry that refuses to cover homes and businesses at significant risk of flooding.

Homes and businesses have the right to insurance cover. We need not-for-profit insurance cover in this country. In my view, the industry needs to be taken into public ownership.

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