Hurricane Matthew Triggers Record Insurance Payout For Haiti

The government of Haiti is still to determine the extent of the damage caused by Hurricane Matthew, but it’s about to receive a record insurance payout.

The CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) says it’s preparing to make a payment to the government on the country’s Tropical Cyclone Policy. Based on preliminary calculations, Haiti will receive a little over US$20 million – the largest payment ever made by CCRIF.

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