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.
Douglas scout group hit by development uncertainty
Westmoreland Village project having 'negative impact'
New minister queries whether HMOs should be licensed
Callister considering it as part of housing plan
Cannan to raise windfarm conflict of interest issue
Former chief minister asking questions from the backbench
Peel Commissioners hope contested by-election will give residents 'choice'
Nominations in Peel close on 4 November
