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Jamaica Receives Support for Recovery Efforts after Hurricane Sandy

Kingston, Jamaica, April 15, 2013 – On Friday April 12, 2013 the Government of Jamaica and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) signed a Memorandum of Understanding (MoU), formalising a donation of US$100,000 made by CCRIF to the Government of Jamaica to support Jamaica’s post-disaster recovery and restoration initiatives following the effects of Hurricane Sandy in October 2012. The MoU signing and exchange took place at the Ministry of Finance and Planning in Kingston, Jamaica.

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Jamaica + 6 others
CCRIF News, January 2013

In this issue

  • Memorandum of Understanding with UWI-SRC

  • World Bank Implementation Completion and Results Report on CCRIF

  • Work Programmes with Regional Organisations

  • CCRIF Technical Assistance Programme

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Haiti + 13 others
CCRIF Semiannual Report 1 June – 30 November 2012

INTRODUCTION

This report, for the period 1 June – 30 November 2012, is the first semiannual report, covering the first six months in the 2012/2013 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this period towards achievement of CCRIF’s Strategic Objectives (see Figure 1) as defined in the CCRIF Strategic Plan 2012/2013 – 2014/2015. In providing this progress update, this report also illustrates how the Facility upholds its customer values.

The report presents:

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Jamaica + 7 others
New partnership to improve mitigation of risk from earthquakes in the Caribbean

Grand Cayman, Cayman Islands, November 9, 2012 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Seismic Research Centre (SRC) of The University of the West Indies have entered into a partnership to enhance the Accelerometric Network in the Eastern Caribbean and Jamaica in order to strengthen the evaluation and mitigation of seismic risk across the region.

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Haiti + 2 others
Tropical Cyclone Sandy (AL182012): Event Briefing - 29 October 2012

1 INTRODUCTION

On 22 October 2012, the National Hurricane Centre produced a weather outlook including a tropical wave within the southwestern Caribbean Sea. Approximately 320 miles (515 km) south-southwest of Kingston, Jamaica, the system became well organised and was named Tropical Depression Eighteen. The system was upgraded later that same day to Tropical Storm Sandy.

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Haiti + 3 others
Tropical Cyclone Isaac (AL092012): Event Briefing, Eastern Caribbean Impacts - 24 August 2012

1 INTRODUCTION

On 17 August 2012 the National Hurricane Centre released its first weather outlook on a tropical wave system which had formed off the coast of Africa. By the following day the system appeared to be better organised as it moved towards favourable environmental conditions for development. At 0900 UTC on 21 August 2012 this system was classified as a Tropical Depression (#9) and by 2100 UTC it was upgraded to Tropical Storm Isaac.

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Haiti + 9 others
CCRIF Quarterly Report: 1 December 2011 - 29 February 2012

INTRODUCTION

This report, for the period 1 December 2011 – 29 February 2012, is the third quarterly report in the 2011/2012 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this quarter towards achievement of CCRIF’s Strategic Objectives (see Figure 1) as defined in the CCRIF Strategic Plan 2009/2010 – 2011/2012. In providing this progress update, this quarterly report also illustrates how the Facility upholds its customer values.

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Haiti + 15 others
CCRIF Quarterly Report: September - November 2011

INTRODUCTION

This report, for the period 1 September – 30 November 2011, is the second quarterly report in the 2011/2012 fiscal and policy year for CCRIF. It is designed to provide an update on progress during this quarter towards achievement of CCRIF’s Strategic Objectives (see Figure 1) as defined in the CCRIF Strategic Plan 2009/2010 – 2011/2012. In providing this progress update, this quarterly report also illustrates how the Facility upholds its customer values.

The report presents:

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Anguilla + 5 others
Hurricane Irene traverses Caribbean: localised damage but no major losses

Grand Cayman, Cayman Islands, August 28, 2011 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has announced that, while Hurricane Irene resulted in registered losses in six of its member countries (Anguilla, Antigua & Barbuda, the Bahamas, Haiti, St. Kitts & Nevis and the Turks & Caicos Islands), none of the policies of these countries were triggered. Of these territories, the highest losses were determined for the Bahamas and the Turks & Caicos Islands. None of the other four countries was impacted by more than lower Tropical Storm-force winds (under 50mph).

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Caribbean Countries to Benefit from Partnership to Develop Climate Change Adaptation Strategies

Belmopan, Belize, August 23, 2011 – The Caribbean Community Climate Change Centre (CCCCC) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have strengthened their partnership to be able to better assist Caribbean countries to develop climate change adaptation strategies. These two organisations currently play key roles in the collection and provision of critical information and knowledge on the impacts of climate change and by extension natural disasters on Caribbean countries.

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CCRIF Builds Regional Capacity in Storm Impact Forecasting - Preparing Members for the 2011 Hurricane Season

Grand Cayman, 2 August, 2011 – As the 2011 Atlantic Hurricane Season gets underway, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) is providing assistance to Caribbean nations to prepare for the tropical cyclones that are expected to affect the region. This assistance takes two forms. The first is that CCRIF has made available its Real-Time Forecasting System (RTFS) to all its members.

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EL SERVICIO DE EMERGENCIAS DE CÁRITAS COLOMBIA DISTRIBUYE AYUDA A LOS DAMNIFICADOS POR LAS INUNDACIONES

Ha enviado ya alimentos y productos no perecederos a 14 diócesis afectadas Cáritas Española va a apoyar la respuesta a esta emergencia con una partida de 150.000 euros

Cáritas. 1 de diciembre de 2010.- Cáritas y la Iglesia colombiana están dando respuesta urgente a las peticiones de ayuda lanzadas por las diócesis afectadas por las graves inundaciones que desde hace dos semanas han inundado buena parte del país y que han afectado a más de un millón de personas.

1.155.000 damnificados y más de 500 municipios afectados

La ola invernal que azota Colombia se

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Barbados + 2 others
Caribbean Governments receive US$12.8M insurance payout from CCRIF following passage of Tomas

Grand Cayman, 17 November, 2010 - Today, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) completed insurance payments to the Governments of Barbados, Saint Lucia and St. Vincent & the Grenadines following the passage of Tropical Cyclone Tomas which passed close to these islands on 30 and 31 October, 2010. CCRIF released to each country 50% of their payouts on 7 November, seven (7) days after the storm's passage - well before the end of the customary 14-day waiting period - to facilitate requests from the three countries. Prime Minister of St Vincent
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Barbados + 2 others
Tropical Cyclone Tomas (AL212010) Event Briefing, Eastern Caribbean Impacts

Caribbean Risk Managers Ltd Facility Supervisor

1 INTRODUCTION

Invest91, an area of disturbed weather which developed to the southeast of the eastern Caribbean during the last week of October was designated Tropical Storm Tomas at 5pm local time (Eastern Caribbean, GMT/UTC -4 hours) on 29 October and then was upgraded to Hurricane status at 11am local time on 30 October.

After a sharp northward tack during the night of 29 October, Tomas tracked directly over Barbados as an intense Tropical Storm during the early morning hours, the large eye structure

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Government of Anguilla receives US$4.28M insurance payout following passage of Hurricane Earl

16 September, 2010 - Today, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) paid the

Government of Anguilla US$4,282,733 following the passage of Tropical Cyclone Earl which passed close to the island on 30 August, 2010. This amount was due to the Government based on its catastrophe insurance policy for hurricanes which forms part of the country's disaster risk management strategy. The value represents almost 20 times the annual premium of US$225,000 that the Government pays for hurricane coverage. Anguilla has been a member of CCRIF - and has had catastrophe insurance

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Anguilla + 1 other
CCRIF to make payout to Anguilla after Hurricane Earl

Grand Cayman, 31 August, 2010 - The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is preparing to make a payout to the Government of Anguilla as a result of Tropical Cyclone Earl which passed close to Anguilla and other islands in the northeastern Caribbean as a major hurricane yesterday.

Early reports indicate that Earl blew the roofs off of buildings and downed many power lines in Anguilla. Severe beach erosion and flooding have also impacted the island. Antigua & Barbuda and St Kitts & Nevis, both also covered by CCRIF policies,

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Caribbean Countries Renew Hurricane and Earthquake Coverage

Grand Cayman, 1 July 2010 - All sixteen members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their policies for hurricane and earthquake coverage for the 2010/11 year beginning on 1 June - the start of the hurricane season. The National Oceanic and Atmospheric Administration forecast estimates an 85% chance of an above normal hurricane season this year. This could have serious implications for Caribbean islands and potential losses, especially given the poor economic conditions still affecting the region. This therefore makes the need for CCRIF even stronger.
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Economics of Climate Adaptation Study for the Caribbean

Bridgetown, Barbados 12 May, 2010 - On 12 and 13 May, over 40 representatives from Caribbean and international agencies will meet in Barbados to discuss the initial results from a recent investigation into the Economics of Climate Adaptation (ECA) in the Caribbean. This study, funded by the Caribbean Catastrophe Risk Insurance Facility as part of its technical assistance programme, was launched in February to enable the development of a fact base for developing sound climate change adaptation strategies in the region.

Climate change is considered to be the

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CCRIF and CIMH to launch excess rainfall model for new insurance policy

Bridgetown, Barbados, 24 February, 2010 - The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Institute of Meteorology and Hydrology (CIMH) are launching their Regional Rainfall Model on Thursday, 25 February, 2010 at CIMH in Husbands, Barbados. This synthetic rainfall generation model will enable the provision of excess rainfall insurance policies for Caribbean countries via CCRIF, and will provide a valuable tool for the region aimed at better managing the risks of extreme rainfall events.

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