A magnitude 7.7 earthquake occurred at 17:56:06 (UTC) on 9 October 2026, some nearby locations from epicenter are Pitaloza Arriba, Herrera, Panama located 12.6 km (7.8 mi) ENE from the epicenter; Chitré, Herrera, Panama is located 56 km (34.8 mi) NE from the epicenter and San Juan Bautista, Herrera, Panama located 57.3 km (35.6 mi) NE from epicenter. Initial estimates from the United States Geological Survey (USGS) located the epicentre of the event at 7.587°N, 80.769°W, and at a depth of 12.6 km (7.83 mi).

This event briefing describes the impact of rainfall on Guatemala, which was associated with a Covered Area Rainfall Event (CARE) starting on 4 October and ending on 7 October 2026. The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was below the attachment point of Guatemala’s Excess Rainfall policy and therefore no payout is due to the Government.

This event briefing is designed to review the modelled losses due to excess rainfall calculated by CCRIF’s CWUIC model for a rainfall event that occurred from 6 to 8 October 2026 for affected CCRIF member water utilities. The Central Water and Sewerage Authority (CWSA) in Saint Vincent and the Grenadines was the only CCRIF water utility member for which the CCRIF CWUIC loss model for excess rainfall produced losses due to this rainfall event.

A magnitude 7.7 earthquake occurred at 17:56:06 (UTC) on 9 October 2026, some nearby locations from epicenter are Pitaloza Arriba, Herrera, Panama located 12.6 km (7.8 mi) ENE from the epicenter; Chitré, Herrera, Panama is located 56 km (34.8 mi) NE from the epicenter and San Juan Bautista, Herrera, Panama located 57.3 km (35.6 mi) NE from epicenter. Initial estimates from the United States Geological Survey (USGS) located the epicentre of the event at 7.587°N, 80.769°W, and at a depth of 12.6 km (7.83 mi).

This five-year plan marks a shift from incremental adaptation to long-term transformation. It positions CCRIF to lead the region’s resilience financing agenda, strengthen fiscal stability, and ensure that parametric insurance becomes a widely understood and accessible tool for governments, utilities, sectors, and communities. CCRIF’s success is rooted in partnership - with our members, development partners, regional institutions, and stakeholders across the Caribbean and Central America.

This event briefing describes the impact of rainfall on Panama, which was associated with a Covered Area Rainfall Event (CARE) starting on 16 August and ending on 18 August 2026. The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was below the attachment point of Panama’s Excess Rainfall policy and the Panama-FAP Excess Rainfall policy, and therefore no payout is due to the Government.