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.
RCN wants members to 'make up their own mind' on Manx Care pay offer
Union says latest proposal is 'meaningful' but it wants to stay neutral
Five-yearly NI Fund review brought forward
Treasury minister says it will give next administration time to address changes
Pet owners heading to EU or Northern Ireland warned of passport changes
Animal Health Certificates are issued by vet practices
Friday sailings rearranged due to tidal restrictions
Two Manxman crossings affected, with on Manannan service brought forward