Friday 28 April 2017

Noonan hits out at insurance industry on floods

Finance Minister Michael Noonan Photo: Tom Burke
Finance Minister Michael Noonan Photo: Tom Burke
Niall O'Connor

Niall O'Connor

The war of words between the Government and the insurance industry has reignited - as Finance Minister Michael Noonan lashed out at its response to the flood crisis.

Mr Noonan appeared to go off script in the Dáil, saying that the position of the industry in relation to flood defences is "bordering on the ridiculous".

He said he "cannot understand" why the industry refuses to issue policies to customers in areas protected by so-called "demountables", a system he says operates effectively in other countries.

The row between the Government and the insurance industry dominated political proceedings for weeks during the flood crisis last year.

But Mr Noonan's remarks give a clear indication that the industry is refusing to budge on the issue.

According to the Programme for Government, insurers are due to send a report to the Taoiseach - to address the calls for them to provide greater cover for families living in flood-prone areas.

Irish Independent

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