CCRIF SPC makes Payout to Belize for Excess Rainfall Event Associated with Tropical Cyclones Amanda and Cristobal. | SMN News

Grand Cayman, Cayman Islands:— CCRIF SPC made a payout of US$203,136 to the Government of Belize on its Excess Rainfall parametric insurance policy following three days of heavy rains during Tropical Storms Amanda and Cristobal. Amanda was a tropical cyclone that originated in the Pacific Ocean and brought rains that affected Belize on 30 May and then weakened. However, the remnants of Amanda then reorganized to form Tropical Storm Cristobal in the Gulf of Mexico – thus becoming a cross-over cyclone from the Pacific to the Atlantic.

This payout was made on Belize’s 2019/20 excess rainfall policy, which the country

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