Caribbean Governments receive $12.8M insurance payout
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) completed insurance payments to the Governments of Barbados, Saint Lucia and St. Vincent & the Grenadines following the passage of Tropical Cyclone Tomas which passed close to these islands on 30 and 31 October, 2010.
CCRIF released to each country 50% of their payouts on 7 November, seven days after the storm’s passage – well before the end of the customary 14-day waiting period – to facilitate requests from the
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