Regional
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.
