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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
On demountables, I recall that when the OPW put draft plans on display for the Cork flood relief scheme in the summer of 2014 Insurance Ireland issued an immediate statement to the effect that permanent fixed flood defences built to a standard of one in 100 years as of 1 January 2012 are the minimum that should be implemented if insurance is to be a viable proposition in the areas to be defended. Has the position of Insurance Ireland changed since then? If we are to invest up to €150 million on demountable defences for Cork, what assurances do businesses and homeowners have that flood insurance cover will follow? The same applies to other communities around the country where flood schemes are planned, involving demountables.
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