Parametric Catastrophe Pool, CCRIF, to Provide Rapid Payout for Bahamas After Dorian

By Matt Chester Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old.CCRIF, once short for the Caribbean Catastrophe Risk Insurance Facility, was established in 2007 to provide funds for countries hit by cyclones, earthquakes or extraordinary rainfall. The segregated portfolio company is an example..
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