CCRIF makes first Atlantic hurricane season payment, worth $3.4mn
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CCRIF makes first Atlantic hurricane season payment, worth $3.4mn

Jai Singh
24 October 2023
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The Caribbean Catastrophe Risk Insurance Facility (CCRIF) made its first payouts for the 2023 Atlantic hurricane season, worth $3.4mn, following Tropical Storm Philippe.

Payouts were made to the governments of Antigua and Barbuda and the British Virgin Islands (BVI) from their parametric insurance policies for excess rainfall after Philippe made landfall in Antigua and Barbuda on 2 October, causing heavy rains and...

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