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.
Assisted Dying Bill is compliant with European human rights laws, insists mover
Campaigner is threatening legal action if the legislation is enacted
Cervical screening still important despite promising new study
Local charity reacts to results of study funded by Cancer Research UK
Local charity now registered for medical operations
Hyperbaric Chamber Facility plans to soft launch later this year
Douglas Council to keep non-Christmas lights up until February
Local authority says it can have a 'positive' impact on residents' wellbeing
Survey to assess business confidence on Island
3,000+ employers asked to share their thoughts