Has CCRIF made payouts to date?
Yes. In 2007, CCRIF paid out almost US$1 Million to the Dominican and St Lucian governments after the 29 November earthquake in the eastern Caribbean, and in 2008, CCRIF paid out ~US$6.3 Million to the Turks & Caicos Islands after Hurricane Ike made a direct hit on Grand Turk. Most recently, Haiti received a payment of US$7.75M (approximately 20 times their premium for earthquake coverage of US$385,500) 14 days after being struck by a devastating earthquake of magnitude 7.0 on 12 January 2010.