Oireachtas Joint and Select Committees

Tuesday, 25 September 2012

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

Difficulties in Obtaining Home Insurance: Discussion with Irish Insurance Federation

3:15 pm

Photo of Marcella Corcoran KennedyMarcella Corcoran Kennedy (Laois-Offaly, Fine Gael) | Oireachtas source

I thank the witnesses for their presentation and attendance. Anecdotal evidence suggests delays in processing and delivering on claims. What is the ideal timeframe for processing a claim and what is the reality? We have heard about months of delays.

The insurance industry is global and many international and national companies are examining their corporate social responsibility policies. Do the IIF's members have a role in this regard? Investing in the remedial efforts of the OPW to which the witnesses referred would be good for the insurance industry. We must acknowledge the impact of climate change. The industry and the victims of flooding would reap the rewards of such an investment.

The witnesses mentioned that they had a liaison with the OPW that they might not have had previously. A catchment flood risk assessment and management, CFRAM, study is being done. As an interested party, should the industry make a submission? Much of the information contained in the document supplied to us today reflects what the committee found following our recent investigations.

Regarding the flood policy review group's proposals in respect of 24 plus projects, the witnesses mentioned that completion would take ten years under the OPW. Are there examples of such lengthy projects?

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