Oireachtas Joint and Select Committees
Tuesday, 19 March 2013
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
Property Insurance: Discussion (Resumed) with Irish Insurance Federation
3:40 pm
Kevin Humphreys (Dublin South East, Labour) | Oireachtas source
If the OPW certifies the work to an international standard of one in 100 years, can that information be easily transferred to the members of the Irish Insurance Federation? I think the levels are taken on the east coast and they arrive at a mean and all the levels are graded from that, so they know exactly the height of the event level. If the local authority can state that the defences it has built meet the requirement of a one in a 200 year event and have certification for that level, will the insurance companies accept that certification, which gives them a significant margin for error? Under the current method, it will take quite a lengthy period to work through the process and in the meantime people cannot move homes or cannot get insurance cover.
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