Govt renewed CCRIF insurance policy ahead of hurricane season

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June 04, 2020

Damage caused by Hurricane Dorian on Abaco. The government has allocated $3.2 million in the 2020/2021 budget for this year's Caribbean Catastrophic Risk Insurance Facility Segregated Portfolio Company insurance policy. FILE
As the 2020 Atlantic hurricane season gears up, the Caribbean Catastrophic Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) has announced that all of its member countries, including The Bahamas, have renewed their parametric insurance coverage for over $1 billion. The policy covers tropical cyclones, [...]
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News date : 06/04/2020    Category : Nassau Guardian Stories

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