NU Online News Service, Nov. 18, 3:54 p.m. EST

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) said it has made $12.6 million in insurance payments to the governments of Barbados, Saint Lucia, and St. Vincent and the Grenadines, following Hurricane Tomas.

Tomas passed the islands on Oct. 30 and 31.

CCRIF said it released to each country 50 percent of their payouts on Nov. 7--well before the end of the customary 14-day waiting period--to facilitate requests from the three countries.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.