𝗝𝗢𝗜𝗡 𝗢𝗨𝗥 𝗪𝗛𝗔𝗧𝗦𝗔𝗣𝗣 𝗖𝗛𝗔𝗡𝗡𝗘𝗟! 𝗖𝗟𝗜𝗖𝗞 𝗢𝗡 𝗧𝗛𝗘 𝗟𝗜𝗡𝗞: https://whatsapp.com/channel/0029VaN7nmQGOj9na4QhBa12
Caribbean Catastrophe Risk Insurance Facility (CCRIF) to make record payout to the Government of Jamaica totalling US$70.8 Million (~J$11.4 Billion), following the devastation caused by Hurricane Melissa.
This marks the largest single payout in CCRIF’s history and is a powerful demonstration of the organization’s parametric insurance model.
This payout will be made within 14 days, consistent with CCRIF’s commitment to speed, transparency, and fiscal responsiveness.
In announcing the payout, CCRIF CEO, Mr. Isaac Anthony, stated: “This payout to Jamaica is not just a financial transaction, it is a reaffirmation of CCRIF’s mission to stand with our members in their most difficult moments.
On behalf of the CCRIF Board, Management, and Team, I extend our heartfelt condolences to the people of Jamaica.
We are proud to support the Government’s swift response and recovery efforts, and we remain committed to helping build a more resilient and secure future for all.”
In addition to this tropical cyclone payout, the Government of Jamaica is expected to receive a second payout under its excess rainfall policy, pending final model calculations.
UPDATE:
safety steps 
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