Speaking on the development, Minister Troy said:
“Since my appointment I have made it my top priority to support the individuals, businesses and communities of Ireland in the wake of Storm Éowyn’s widespread damage. I have reaffirmed Government’s expectation that insurers must act with urgency, efficiency and fairness in supporting policyholders impacted by Storm Éowyn.
"I will continue to engage with insurers to impress upon them that it is imperative that they meet their obligations and provide a responsive and fair claims resolution that offers clarity and certainty to those impacted.”
Minister of State Troy and Insurance Ireland have agreed to continue their engagement to monitor progress and ensure that affected policyholders receive the necessary support without undue delays.
Minister Troy met with Mrs Moyagh Murdock, CEO of Insurance Ireland, on Thursday 6 February 2025 to discuss the insurance industry’s response to Storm Éowyn. The meeting was introductory, following Minister Troy’s appointment as Minister of State for Financial Services, Credit Unions and Insurance.
Preliminary Claims Volumes and Claims Costs Reported by Insurance Ireland’s members
On 31 January, Insurance Ireland requested a snapshot view from members of claims volumes and claims costs from the time of the storm to 31 January.
Insurance Ireland outlined that it is important to note from the outset this situation is ongoing. These claims volumes and claims cost will not be representative of the final number of claims, especially given some policyholders remain without power or internet services and have not been able to make contact with their insurers as yet. It is expected these numbers will increase over the coming weeks.
Total Number of claims occurred as of 31 January: 14,099
Total Claims Costs: The total preliminary figure as of 31 January was €116 million, however, the total cost of the storm could be in the magnitude of €150-200 million.
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