Oireachtas Joint and Select Committees

Wednesday, 15 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Flood Risk Insurance Cover: Discussion

12:00 pm

Photo of Tom BarryTom Barry (Cork East, Fine Gael) | Oireachtas source

I welcome the witnesses. The maps that were generated a few years ago caused many problems. They were computer-generated maps and not on-the-ground studies. An assessment is being conducted at the moment in north Cork and people can make submissions. How long will it take to gather those data? How long will it be before findings are made? Is it the OPW's aim to gather data on the ground for every computer-generated map? The unintended consequence in my local village and other areas close by is householders have been refused insurance, which is a concern because they must live with this. I acknowledge this is not just the sole responsibility of the OPW.

Many people are involved and the issue comes to a head when someone is refused insurance. The insurance industry cannot act as if it is an uninterested party and it just follows whatever appears in front of it. There is a requirement on insurers to understand these maps and the background to them. Would Insurance Ireland contribute to a review in this regard? What is the organisation's view on a fund to assist in the most contentious areas without it being a Government-sponsored way to take the greatest risk out of the system?

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