It's estimated the recent flooding and storms will cost the Manx government in the region of £300,000.
That initial assessment does not include potential cost to local authorities, the business community and private householders.
Chief Minister Allan Bell says talks will continue between central and local government officials.
Call for external investigation as row at Peel Town Commissioners continues
Minister disputes claim by local authority regarding beach stage vote
MHK behind Safe Access Zones Bill says other Keys members 'very rude' during legislative process
Michelle Haywood's Private Member's Bill further adjourned
Alternative sought while Northern Civic Amenity Site closed
Manx Rock Limited taking over operations at Balladoole
Still time to catch immersive art exhibition
Pinktoaster's work is on display in Port Erin until Friday
