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

Mr. Kevin Thompson:

Before going down that route, one would have to examine the potential unintended consequences of such a requirement. Would one want every provider to provide flood insurance and make this cover mandatory for every person in the State?

That is very different from the system we have now. Some insurers may decide to enter that market or some may just decide to leave.