CCRIF makes US$2.5 million payout to Trinidad and Tobago after October rains

The CCRIF Policy Renewal Meeting in Trinidad and Tobago included members of the CCRIF Management Team as well as technocrats from the Ministry of Finance; Office of Disaster Preparedness and Management; Meteorological Service; Ministry of Agriculture, Land and Fisheries; Ministry of Rural Development and Local Government; Ministry of Social Development and Family Services, Ministry of Labour and Small Enterprise Development; and UWI Seismic Research Centre

PORT OF SPAIN, Trinidad — CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has announced that, for the second year in a row, Trinidad and Tobago received a payout on its excess rainfall policy following a period of heavy rainfall in October. The government received a payout of US$2,534,550 (approximately…

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