Insurance body welcomes moves by Central Bank to pinpoint flood protection gap

Moves by the Central Bank to identify the level of the flood protection gap affecting homes and businesses across Ireland have been welcomed by Insurance Ireland, the industry body.

As reported by the Business Post on Sunday, the regulator is to undertake a major assessment of the protection gap as both policyholders and the insurance industry grapple with the growing impact of climate change.

The Central Bank, which oversees the insurance market here, said that ...