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.
Just over half of cancer patients beginning treatment within 62-day target
Figure falls short of Manx Care's target of 85 percent
Police appeal for help finding family of former sergeant
Hopes to return 'several personal artefacts' to relatives of Sergeant John Quaye
'Nothing set in stone' as 20mph consultation for the north goes live
DoI 'determined to find the right solutions', says minister
Almost 6,500 now on NHS dental waiting list
Manx Care says it's prioritising children