The Irish Insurance Federation has said the cost of the compensating the victims of the recent floods could run to tens of millions of euro.
The federation has also expressed concern about the increased frequency of flooding but say it is too early to say if the trend will result in increased insurance premiums.
It says the increased cost of decorating and furnishing homes may result in higher claims.
Meanwhile, victims of the flooding in Ringsend in 2002 have called on the Government to provide humanitarian assistance to those whose homes have been devastated by the recent spate of floods.
The Government says it is monitoring the recent flooding in this regard.
Met Éireann has said there will be some spells of sunshine over the weekend, but that there will also be some bands of heavy showers across the country, which brings with it the risk of further flooding.
Flooding has now receded on many of the country's roads following more heavy rainfall last night although motorists are still asked to be extremely careful.
However, in Sligo, the Arigna to Geevagh Road is still blocked as a result of a landslide around Gleann.
In Leitrim, the Dowra to Drumkeeran road is now passable as are the Drumkeeran to Manorhamilton and Kiltyclogher to Glenfarne roads.
In Meath, the flooding has also receded on the N2 at Balrath near Kentstown and the road is passable.
Separately, the National Roads Authority has confirmed it is liaising with Fingal County Council in the council's investigation into the causes of flooding on the N3 and M50 routes earlier this week.