State to explore public-private flooding insurance partnership

Other options include increased private cover and state insurance flood relief schemes

Darius Grskl mops out the Home Store premises which was damaged by the recent flooding in Midleton, Co Cork. Picture: Michael Mac Sweeney/Provision

The government is examining a public-private partnership with insurers to ensure homes and businesses in areas affected by flooding can get cover, the Business Post has learned.

The avenues being explored include a state partnership with insurance companies similar to a British scheme, an increase in cover by private insurance companies for areas where there are temporary flood defences in place, and possible state insurance schemes.

Jennifer Carroll MacNeill, the junior finance minister with responsibility ...