Hurricane Ike triggers Caribbean Catastrophe Risk Insurance Facility (CCRIF) to pay out $6.3m
The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the world's first multi-country risk pool is set to make a payout of approximately US$6.3m to the government of the Turks and Caicos Islands, within the terms of that country’s hurricane policy which was purchased at the start of the 2008 Atlantic Hurricane season.
The funds will boost recovery efforts following the passage of Hurricane Ike, which hit the southern islands of the chain as a Category 4 storm early Sunday morning with major impact in Grand Turk
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