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
Sean Barrett (Independent)
Link to this: Individually | In context | Oireachtas source
The papers will be most useful when we come to assess this and I thank Dr. Surminski for them. Property protection measures are dealt with on page 16, which states there are no formal mechanisms to advise policyholders about the options under standard operating procedures. Senator Hayden spoke about the amazing record the insurance industry in Ireland has of going broke repeatedly and having to be bailed out. If we have to set up rules by which it conducts itself whereby it might actually be solvent, may we borrow this from Dr. Surminski?