Catastrophic hurricanes Irma and Maria underscore need to press ahead with risk insurance for fishers, CRFM says
Belize City, Friday, 20 October 2017 (CRFM)—Several Caribbean countries have been recently devastated by two catastrophic hurricanes, Irma and Maria, underscoring the need for Member States of the Caribbean Regional Fisheries Mechanism (CRFM) to press forward with risk insurance for…
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Caribbean countries discuss multi-country cat bonds with World Bank
From Artemis At a meeting of CARICOM Caribbean government leaders and international partners, hosted by the World Bank and International Monetary Fund (IMF), the topic of disaster resilience was high on the agenda and multi-country catastrophe bonds as well as…
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In Irma recovery, Caribbean Islands on unequal footing
From The Economist The region must work more together to prepare for and respond to disasters BEFORE tearing up parts of Florida, Hurricane Irma ravaged whole Caribbean islands. In doing so, it exposed the strange territorial shreds that make up…
Bahamas gets $234k From Caribbean disaster facility
By NEIL HARTNELL Tribune Business Editor From Tribune242 The Bahamas will receive a $234,000 Irma payout from the Caribbean disaster insurance facility that the Christie administration previously withdrew from, it was revealed yesterday. The Caribbean Catastrophe Risk Insurance Facility (CCRIF)…
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Speed up funding to help Caribbean ward off disaster – bank head
By Sophie Hares REUTERS From Daily Mail UK MEXICO CITY, Sept 14 (Thomson Reuters Foundation) – Caribbean nations need faster access to capital to invest in protection against the creeping effects of climate change, as many struggle to recover from…
Caribbean Cat Facility CCRIF donates $100,000 to Belize to aid rainfall tracking
Belize SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is providing US$100,000 to the government of Belize to purchase 40-50 automatic weather stations that will provide the Meteorological Service of Belize with access to real-time rainfall data. The weather stations…
St. Lucia PM hails importance of CCRIF
By CMC From WiredJa BRIDGETOWN, Barbados, Feb 20, CMC – St Lucia’s Prime Minister Allen Chastanet Monday highlighted the importance of organisations like the Caribbean Catastrophe Risk Insurance Facility (CCRIF) as Small Island Developing States (SIDS) deal with the impact of natural disasters….
CCRIF pays Nicaragua US$1.1 million after Hurricane Otto
Grand Cayman, Cayman Islands, December 12, 2016 – CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$1,110,193 to the Government of Nicaragua as a result of the passage of Hurricane Otto which triggered a payment…
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Bahamas opts out of regional insurance facility
By K. Quincy Parker Nassau Guardian Business Editor From Caribbean News Now NASSAU, Bahamas — The Bahamas has opted out of the Caribbean Catastrophe Risk Insurance Facility (CCRIF), and will instead put the $900,000 annual premium in the Disaster Relief…
Speedy insurance payout of USD 29 million to support Caribbean relief in wake of Matthew
From Smith Re The tally of lives lost, and number of people displaced in the wake of Matthew is tragic. Outbreaks of cholera due to water mixing with sewage in Haiti is further aggravating the extreme hardship, emphasizing the urgent…
