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Grand Cayman, Cayman Islands, October 16, 2019. CCRIF SPC is pleased to welcome the Government of Guatemala to the Facility as its third Central American member. Guatemala has purchased parametric insurance cover for excess rainfall for the 2019/20 policy year. CCRIF’s membership now stands at 22 countries – 19 from the Caribbean and 3 from Central America.  
 

Grand Cayman, Cayman Islands, September 26, 2019.  CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the country affecting 2 of the 16 main islands that make up this archipelago of islands and cays.  
 

Hazard Report(s)

PDF icon 20191002_CCRIF_XSR_EventBriefing_TTO-TOB_CARE_20190930_Final.pdf

Karen was the twelfth tropical cyclone in the 2019 Atlantic Hurricane Season. On 22 September it developed as a tropical storm to the northeast of Trinidad and Tobago. On the same day, it passed over the waters between Grenada and Saint Vincent and the Grenadines at a distance of approximately 45 km from both countries. These islands were affected by tropical-storm-force winds. On the following day, Karen left the Windward Islands moving towards the northwest across the southeastern Caribbean Sea.

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The OECS Commission and the Caribbean Catastrophe Risk Insurance Facility (CCRIF SPC) continue efforts to strengthen resilience in at-risk communities through flood mitigation initiatives and disaster prevention sensitisation at the community level  ..... See full article

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