CCRIF pays out $7.45m to Haitian government for Laura losses

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid out approximately $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. CCRIF said the total payouts to Haiti due to Laura was $7.45 million, inclusive of the Aggregate Deductible Cover (ADC), which was paid to the Government within 14 days of the end of the rains associated with Laura. It was CCRIF's fourth payout to Haiti. Previous payouts include...