News

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.