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2015

CCRIF pays Government of Dominica EC$6.5 million under its Excess Rainfall Programme following Tropical Storm Erika

Grand Cayman, Cayman Islands, September 10, 2015 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has made a payment of EC$6.5 million (approximately US$2.4 million), the maximum payable under the policy, to the Government of Dominica under the Facility’s Excess Rainfall Programme – as a result of rains that occurred during Tropical Storm Erika on August 27, 2015.

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CCRIF Members Confirm Catastrophe Insurance Portfolios for Hurricanes, Earthquakes and Excess Rainfall for 2015/2016

Grand Cayman, Cayman Islands, August 13, 2015 – The 16 Caribbean member governments of CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) completed their catastrophe insurance portfolios for 2015/2016. All 16 Caribbean members renewed their hurricane policies; all 13 that had earthquake policies renewed those; and 12 obtained excess rainfall coverage – an increase of 4 over the 8 countries that purchased excess rainfall policies for the first time last year.

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Caribbean and Central American countries formalize partnership for catastrophe risk insurance

Caribbean and Central American countries formalize partnership for catastrophe risk insurance

Nicaragua is the first Central American country to sign up to the insurance

 

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