Insurance

Brokers hit out at insurers as consumers without flood cover left to suffer

Insurance brokers call for establishment of centralised flood fund

Cleaning up Boots chemist, which was damaged by recent flooding in Midleton, Co Cork. It is estimated that between 40,000 and 50,000 properties in Ireland are denied flood risk insurance. Picture: Michael Mac Sweeney/Provision

Insurance brokers have called on the government to provide more comprehensive insurance cover for households and businesses in the wake of Storm Babet.

The latest severe weather even has prompted more criticism of the insurance industry over the lack of provisions for some homes and businesses in Midleton, Co Cork and other areas, who have been unable to get cover due to persistent flooding in recent years.

According to the Society of Chartered Surveyors Ireland, ...