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.
Missed opportunity in inmate's care, inquest finds
Craig Anderson was found in his cell in November 2022
Seven arrests made as part of King Gaming fraud and money laundering investigation
Officers raid business premises in Douglas
Motorists urged to avoid Cooil Road following RTC
The road has now reopened
Probation for man caught with knife at Sea Terminal
The court heard that he uses the bladed article for day-to-day 'farm work'.
Warning after tea towel tumble dryer fire
Fire crews called west on Thursday
Calls for Sarah's Law on Isle of Man
Petition launched to 'make Island safer'
