- Hurricane Maria - Sep 2017
- Hurricane Matthew - Sep 2016
- Caribbean: Drought - 2015-2017
- Hurricane Tomas - Oct 2010
- Caribbean: Drought - Feb 2010
- Influenza A (H1N1) Pandemic - Apr 2009
- Caribbean: Earthquake - Nov 2007
- Hurricane Dean - Aug 2007
- Caribbean: Hurricane Emily - Jul 2005
- Hurricane Ivan - Sep 2004
Author(s): Will Bugler and Olivia Palin
Will Bugler, Olivia Palin and Dr Ben Rabb, Acclimatise
Payments totalling US$29,204,248 were made to Haiti, Barbados, Saint Lucia and St. Vincent & the Grenadines on their Tropical Cyclone and/or Excess Rainfall policies by October 17 - within 14 days of end of hazard event.
Yesterday, CCRIF CEO Mr. Isaac Anthony officially presented the payout cheque for US$3,781,788 to Saint Lucia Prime Minister Honourable Allen Chastanet at a short ceremony at the Prime Minister’s Office.
Grand Cayman, Cayman Islands, October 12, 2016 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is now preparing to make additional payouts totalling almost US$8 million to CCRIF member countries. These payouts will be made to Haiti, Barbados, Saint Lucia and St. Vincent & the Grenadines as a result of the heavy rains from Hurricane Matthew, which triggered payments on these countries’ Excess Rainfall policies.
Haiti, a Borrowing Member Country of the Caribbean Development Bank (CDB) is set to receive a payout of just over USD20 mn from CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) on the country’s tropical cyclone policy, following the passage of hurricane Matthew. CDB has paid Haiti’s catastrophe risk insurance premium to CCRIF since 2010.