Haiti Receives Payout from CCRIF of US$7.45 million following the Passage of Tropical Cyclone Laura
Grand Cayman, Cayman Islands, September 8, 2020. CCRIF SPC made a payout of approximately US$7.2 million to the Government of Haiti on its Excess Rainfall (XSR) parametric insurance policy following three days of heavy rainfall associated with Tropical Cyclone Laura. Haiti also received a payout of US$290,925 under the Aggregate Deductible Cover (ADC), which is a special feature of CCRIF’s Tropical Cyclone (TC) and Earthquake (EQ)...