Matthew triggers CCRIF rainfall payouts

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has
paid out $4.8mn for excess rainfall from Hurricane Matthew.
The firm announced that Hurricane Matthew caused area rainfall
events in five countries, of which three received payments
totalling $4.8mn.
Policies were triggered for Barbados, Saint Lucia, and St
Vincent and the Grenadines.
Barbados received $753,277, Saint Lucia $3.8mn and St Vincent
and the Grenadines $285,349.
However, the rainfall loss index fell below the attachment po