Dominica gets maximum payout from CCRIF for flood damage
The CCRIF SPC, formerly the Caribbean Catastrophe Risk Insurance Facility, has made a payment of EC$6.5 million (US$2.4 million), the maximum payable under the policy, to the government of Dominica under the Facility’s Excess Rainfall Programme, as a result of rains that occurred during Tropical Storm Erika on August 27, 2015.
CCRIF will also, following consultation with the government, provide additional financial assistance under its Technical Assistance Programme, for specific rebuilding projects.