State to explore public-private flooding insurance partnership

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

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.

 

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