Oireachtas Joint and Select Committees

Thursday, 23 November 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Scrutiny of the Flood Insurance Bill 2016

9:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I think Mr. Buckley is exactly right. The insurance industry is exploiting the fear that people feel around insurance, for instance, that if they have insurance this year, they may not have it next year. If they do not have insurance, they suffer the implications of that. There is a collective fear in small towns such as Crossmolina where people do not know what the future holds. We had major rainfall in recent days and the small retail businesses have to weigh up whether to buy in stock for Christmas. As Mr. Buckley said, it is paralysing the growth of small towns, never mind the individual fear of residents and their families and of vulnerable elderly people as well.

I welcome this Bill. We will continue to contribute to it in every way we can to expedite its passage through the Oireachtas. I look forward to having Insurance Ireland before us. If Mr. Buckley were to put one question to Insurance Ireland in the next session, what would it be?

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