November 7, 2016. Port-au-Prince, Haiti - Today the CEO of CCRIF SPC, Mr. Isaac Anthony met with Haiti’s Minister of Finance, Hon. Yves Bastien and his advisors to discuss the recent payouts of US$23.4 million to Haiti made under the country’s tropical cyclone and excess rainfall policies, as a result of Hurricane Matthew’s passage through that country last month. This is the largest payment ever made by CCRIF for a single event - with total payouts to Haiti representing approximately 46% of all payments made by CCRIF since its inception in 2007.
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.