Oireachtas Joint and Select Committees

Wednesday, 26 May 2021

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

Developments in the Insurance Industry: Discussion (Resumed)

Photo of Steven MatthewsSteven Matthews (Wicklow, Green Party) | Oireachtas source

The representative from Engineers Ireland is gone. That is unfortunate, as I would have directed some of my contribution to him. In terms of the impact and the costs that insurance companies must include because of climate events, the impact that is having and the billions it has cost due to storms, flooding, roads being washed away, trees being brought down and businesses being closed, is the cost of climate change being directly applied to insurance premiums and are people paying for climate events indirectly through increased insurance premiums?

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