The Government of Jamaica has decided to extend the coverage it receives from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to include cover for flooding and periods of unusually heavy rainfall. The Minister of Finance told the press that he expected the extension to the facility to come into effect by the end of January […]
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Update: For our latest on Hurricane Tomas please view this post. The 2010 Atlantic hurricane season is proving to be one of the most unpredictable on record. Tropical storm Tomas formed yesterday, very far south for the time of year. It is extremely unusual to have such a large storm so far south this late […]
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Once again the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has hit the headlines because a tropical storm has failed to trigger a payout from the disaster facility despite high levels of destruction and losses. Tropical storm Nicole caused heavy damage on Jamaica due to heavy rainfall but as it didn’t reach hurricane status Jamaica won’t […]
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