October 30, 2009 – The Caribbean Catastrophe Risk Insurance Facility announces the publication of the first issue of CCRIF News, a quarterly newsletter that provides recent news about CCRIF and its partners. This issue discusses the recent Memorandum of Understanding signed between CCRIF and the Caribbean Disaster and Emergency Management Agency (CDEMA); presents CCRIF’s Strategic Plan to 2012; provides an update on the excess rainfall product being developed by CCRIF and the Caribbean Institute for Meteorology and Hydrology (CIMH) and Kinetic Analysis Corporation (Kinanco
September 23, 2009 – Students studying risk management and natural hazards-related subjects will soon benefit from scholarships to be offered by the Caribbean Catastrophe Risk Insurance Facility (CCRIF). This was recently announced by CCRIF’s Chairman Milo Pearson following the latest CCRIF Board Meeting in Jamaica. Pearson said that it was a move to give more help to member states to build their capacity to better deal with the physical and socio-economic impacts of natural catastrophes, particularly in the face of growing risks due to climate change.
September 14, 2009 – An important new publication, Climate Sense, was launched at the World Climate Conference-3 (WCC-3) on August 31. At the launch, Mr Hong Yan, Deputy Secretary-General of the World Meteorological Organisation, noted that, through its sharing of best practices across a variety of disciplines and sectors, Climate Sense is a significant resource to support the Global Framework for Climate Services coming out of WCC-3. Climate Sense is a user-friendly information tool what will help countries to plan ahead in the face of changing climate conditions.
August 19, 2009 - The small island developing states that constitute the Caribbean region are prone to the two main global catastrophe hazards, earthquakes and hurricanes. These hazards which often lead to natural disasters in this region have had dire consequences for economic activities, infrastructure, human welfare and natural resource management.
July 30, 2009 - The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is assisting the Alliance of Small Island States (AOSIS) climate change negotiating team in finalising the AOSIS position leading up to the Copenhagen United Nations Climate Change Conference in December.
July 24, 2009 -A collection of leading scientists, economists and analysts gathered on July 9 & 10 at the Economics of Climate Adaptation Summit in Ruschlikon, Switzerland to discuss how countries can implement climate adaptation. Hosted by the Swiss Re Centre for Global Dialogue, this gathering was part of the international preparations for Copenhagen 2009, the critical United Nations Climate Change Conference taking place in December.
May 27, 2009 ― Against the background of the impending Atlantic Hurricane Season, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) today released a briefing document outlining the role of risk management in the region's adaptation strategy in the face of climate change. The briefing was prepared by Caribbean Risk Managers Ltd in support of the CCRIF Chairman's contribution to a discussion session forming part of the Caribbean Development Bank (CDB) Board of Governors' meeting in the Turks & Caicos Islands.
June 2, 2009 - All 16 Caribbean member governments renewed their catastrophe policies with the Caribbean Catastrophe Risk Insurance Facility for the 2009/10 policy period. Member governments were able to take advantage of a 10% decrease in premium costs from the CCRIF by increasing coverage for hurricanes, earthquakes or both for the same premium as last year. Notably, rates also decreased by ten percent for the 2007/2008 policy period, making this year’s premium the lowest yet.
April 2, 2009
European Union contributes €12.5 million to Caribbean Catastrophe Risk Insurance Facility
Contribution puts tally at over US$65 million in donations from CCRIF supporters
January 19, 2009 - International Aid and Trade which aims to build partnerships for effective humanitarian relief is specifically focused on procurement and logistics - getting the right supplies, services and personnel to the right place at the right time. It will take place on the 9-10 July and will involve 1,500+ individuals.