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Grand Cayman, Cayman Islands, January 7, 2019. CCRIF SPC is pleased to announce that the Government of Panama has joined the Facility and has purchased parametric insurance cover for excess rainfall. Panama joined the Facility as a late entrant this policy year which began on June 1, 2018. CCRIF’s membership now stands at 21 countries – 19 Caribbean governments and 2 Central American governments. CCRIF welcomed four new countries to the Facility this policy year - British Virgin Islands, Montserrat, St.

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.

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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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