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Description
The Rainfall Index Loss (RIL) for the Covered Area Rainfall Event was below the attachment point of the excess rainfall policies for The Bahamas-Central and The Bahamas – South East, and therefore no payout is due for these policies. However, the CARE activated the WST Endorsement1 for the Excess Rainfall policy for The Bahamas – Central, since the Wet Index was above the WST Payment threshold.
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