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.
Former TT rider's family at risk of losing house after rejected insurance pay out
Helayna Ingham, wife of Daniel Ingham, posted an emotional plea on social media
Dog wash machine planned for promenade
It would allow people to wash and dry their dogs on the go
Businesses can bloom if people support local
Ellan Vannin Candles and Soapery opened today
Manx Care seeks to reassure patients over remote GP appointments
More practices take on remote services provided by Tekihealth
