CCRIF Makes First Parametric Insurance Payouts of the 2021 Atlantic Hurricane Season . | SMN NEWS

Grand Cayman, Cayman Islands:— Following Tropical Cyclone Elsa, CCRIF made two payouts to the Government of Barbados under the country’s tropical cyclone and excess rainfall parametric insurance policies, totaling US$2.5 million. CCRIF also made payments totaling US$528,512 to three other member governments – Haiti, Saint Lucia, and St. Vincent and the Grenadines – under the Aggregate Deductible Cover (ADC) feature of CCRIF’s tropical cyclone policies. Hurricane Elsa was the fifth tropical cyclone in the 2021 Atlantic Hurricane Season.

Since the inception of CCRIF in 2007, the Facility has made 52 payouts totaling US$202.5 million to 16 of its ...

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