Grand Cayman, Cayman Islands, December 12, 2016 - CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$1,110,193 to the Government of Nicaragua as a result of the passage of Hurricane Otto which triggered a payment on the countryís Tropical Cyclone policy. The payment was made on December 9th ñ 14 days after the passage of the hurricane.
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