Insurance Industry
Dail Éireann — 2026-02-10
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Eoin Hayes (SD), Dublin Bay South

In June of last year, I asked the Taoiseach for a Government policy on a flood reinsurance scheme. He said that insurance companies have to do more. The Minister of State, Deputy Troy, corresponded with me on the issue. I thank him very much for that. Essentially, he said a State-backed scheme was impossible in a market like Ireland. Imagine my surprise to read his announcement for businesses and not residential properties last week in the Business Post saying: "It's fair to say that it will require State backing". Will the Minister of State establish the Department's position on flood reinsurance schemes?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-02-10/debate/main
Retrieved: 2026-08-14T04:54:36+00:00
Sitting date: 2026-02-10