Seán Canney (Galway East, Independent)
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Responsibility for insurance and legislation for insurance rests with the Department of Finance. In the context of the interdepartmental group set up to consider policy, the Department of Finance will be bringing forward options in terms of what we can do to ensure that people are insured. In areas in which the OPW has put in place permanent defences that meet the requisite standards, the level of reinsurance stands at approximately 89%. As Deputy Michael McGrath highlighted, however, insurance companies are refusing to reinsure people in areas where temporary defences are put in place. We need to consider the different options. I expect to get recommendations or suggestions on how to deal with that from the interdepartmental committee.