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.
Retired midwife urges feedback on services for new parents
It's after comes after the news face-to-face ParentCraft sessions will be reintroduced
Fire service free driver after car crashes through wall
Incident occurred at around 6:40pm on Friday
Manx Airlines G-MAUD exhibit opens at Aviation and Military Museum
Visitors can now step aboard a restored aircraft, celebrating Manx Airlines' history
Nurses home regeneration the right decision, says chief minister
Alfred Cannan hopes to see more projects completed by MDC