excess rainfall coverage News

Cat Facility CCRIF to Pay Trinidad & Tobago $7M for Severe October Rains

Cayman Islands-based CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Trinidad & Tobago will receive a payout of US$7,007,886 (approximately TT$47.4 million) on an excess rainfall policy following a period of heavy rainfall between Oct. 18 and …

CCRIF Members Complete Enhanced Catastrophe Portfolios for 2015-16

The 16 Caribbean member governments of CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), the co-operative association that covers risks from natural catastrophes in the region, announced that they have completed their catastrophe insurance portfolios for 2015/2016. The bulletin …

Donors, Relief Organizations Meet on CCRIF’s New Excess Rainfall Product

The Caribbean Development Bank (CDB) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) hosted a strategic donor meeting at the offices of the CDB in Barbados on March 6, 2013 to discuss ways to support CCRIF’s new excess rainfall product …