07-10-2016 12:52 via insuranceinsider.com

Haiti to receive $20mn CCRIF payout

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is
preparing to pay out just over $20mn to the government of Haiti
following the impact of Hurricane Matthew.
This is the largest payment the CCRIF has made to date. Since
its inception in 2007, the fund has made a total of 15 payouts to
10 member governments totalling $38.8mn, all within 14 days of the
relevant event.
The latest payment would bring the total to approximately
$58.8mn.
It also marks Haiti's second...
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