Grand Cayman, Cayman Islands, October 20, 2023. CCRIF SPC made two payouts totalling US$3.4 million to the governments of Antigua and Barbuda and the British Virgin Islands following Tropical Storm Philippe. Philippe made landfall on Antigua and Barbuda on October 2nd and passed near the British Virgin Islands on October 4th, causing heavy rains and flooding in both countries. CCRIF made payouts on these countries’ parametric insurance policies for Excess Rainfall as follows:
October 9, 2023. Grand Cayman, Cayman Islands. CCRIF is collaborating with The University of the West Indies (The UWI) to reduce the impacts of wildfires on the people, communities, and the economy of Barbados.