In 2024, Hurricane Beryl reaffirmed the region’s vulnerability and CCRIF’s relevance. With US$84.5 million in payouts to seven members, including governments, electric and water utilities, and a tourist attraction, CCRIF demonstrated the power of parametric insurance and quick liquidity to protect lives, livelihoods, and public infrastructure.
CCRIF-SPC-Annual-Report-2024_2045_web.pdf
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