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 Aideen HaydenAideen Hayden (Labour) | Oireachtas source

I might add one or two quick questions. The nub of it is in a paragraph that Mr. Smyth did not put on the record. He said in this paragraph of his submission that he was satisfied that "the insurance industry is engaging constructively and positively through the working group established under this memorandum of understanding and that there is a strong willingness to co-operate to reach agreement on a sustainable system of information exchange". The exchange seems to be going in one direction, from the OPW to the insurance industry, rather than back the other way. Mr. Smyth went on to say that it is hoped this will facilitate the provision of flood cover in areas that are protected by completed schemes. As things stand, does the OPW have any sense of whether that is happening?

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