Caribbean Cat fund wins renewal reduction for 08
The World Bank backed Caribbean Catastrophe Risk Insurance Facility has announced a 10% decrease in renewal premiums for 2008 and a lowering of its attachment point to one-in-15 year events.
Maximum available coverage will increase from $50m to $100m per peril and when a policy is triggered, a minimum payout will be made equivalent to the amount of the annual policy premium.
CCRIF also
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