Grand Cayman, Cayman Islands, October 31, 2018. CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced today that for the second year in a row, Trinidad & Tobago received a payout on its Excess Rainfall policy following a period of heavy rainfall in October. The Government received a payout of US$2,534,550 (approximately TT$17 million) due to heavy rains between October 18 and 20 2018.
Bridgetown, Barbados, October 22, 2018. On Friday October 19th, Barbados Prime Minister Honourable Mia Amor Mottley met with CCRIF CEO Mr. Isaac Anthony, Deputy Chairperson Mrs. Desirée Cherebin and Board member Mrs. Faye Hardy at a short ceremony to mark the payout by CCRIF to the Government of Barbados following the passage of Tropical Storm Kirk in October. The payout of US$5.8 million – or BDS$11.6 million – was made under the country’s Excess Rainfall policy and was made within 14 days of the event.
  20181018_CCRIF_XSR_EventBriefing_TTO-TRI_CARE_20181026_Final.pdfAn active Inter-Tropical Convergence Zone (ITCZ) produced prolonged periods of rain/showers and thunderstorm activity over Trinidad and Tobago. According to Government officials, due to adverse weather, Trinidad received a full month’s worth of rain during two days (October 18 and 19) alone. |
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
