Storm Eowyn set to cost insurers €200m

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Workers at an ice skating facility in Blanchardstown which was damaged after strong winds tore the structure apart. Storm Eowyn left one person dead, more than a million people without power and caused significant travel disruption across the UK and Ireland. Picture date: Saturday January 25, 2025. PA Photo. See PA story WEATHER Winter Ireland. Photo credit should read: Brian Lawless/PA Wire
Workers at an ice skating facility in Blanchardstown which was damaged after strong winds tore the structure apart. Storm Eowyn left one person dead, more than a million people without power and caused significant travel disruption across the UK and Ireland. Picture date: Saturday January 25, 2025. PA Photo. See PA story WEATHER Winter Ireland. Photo credit should read: Brian Lawless/PA Wire

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Insurance claims resulting from Storm Éowyn are expected to reach as much as €200 million, according to early estimates by the insurance industry, making it the fourth-most-costly weather event for the sector since the beginning of the century. Joe Brennan reports.

More than two thirds of tourism-related businesses in Ireland increased prices last year with many insisting rising operating costs had left them little option. As Mark Hilliard reports, data for 2024 from Fáilte Ireland, the tourism body, paints a mixed picture of an industry buoyed by rising revenues and positive outlook, but worn down by persistent concerns over the cost of doing business.

People who cannot get the co-operation of their landlords when applying for the rent tax credit or who are afraid of asking for certain information in case it puts their tenancy at risk are not precluded from applying for the rebate, Revenue has confirmed. Conor Pope reports.

Staying with tax overpayments, Dominic Coyle shows how you can claim your money back with this Q&A.

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It’s five years since the UK formally left the European Union. Whether that was the right decision or not, it’s clear that UK prime minister Keir Starmer wants a closer relationship with the EU. And as John McManus argues in his column, Donald Trump in the White House may provide the impetus, and political cover, to do so.

How hard is it for a teacher, really, to afford a home. And how can someone on a comparable salary afford their own place in Dublin or elsewhere? Joanne Hunt explores the issue in Money Matters.

Former chief executive of Enterprise Ireland Leo Clancy is to take up a new role at the top of Ei Electronics in Shannon, Co Clare. Colin Gleeson has the story.

Irish company DP Energy is poised to build a €900 million wind farm in Australia after the country’s government approved the project. Barry O’Halloran has the details.

January was a record month for sales of electric vehicles (EVs) in Ireland, the Society of Irish Motor Industry (Simi) has revealed, reversing a trend that took hold last year. Yet Ireland remains well off the pace if it is going to meet the ambitious targets for EV adoption set by the previous government. Ian Curran has the story.

Ian also reports on a record year for country house sales, according to estate agent Savills.

Total gas demand in November was up 17 per cent compared with a year earlier, while Ireland’s reliance on foreign gas continues to grow significantly, new data from the Central Statistics Office (CSO) shows. Colin Gleeson has read the data.

In Commercial Property, Fiona Reddan reports that RKD Architects is set to join tenants including Fanatics, a US gaming tech operator and Infineon Technologies, a semiconductor manufacturer, at The Eight Building on Newmarket Square in Dublin 8. Also in Newmarket Square, Fiona reports on an €80 million build to rent scheme that is being prepared for sale.

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