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Jamaica’s CCRIF coverage for tropical cyclones triggered by hurricane Beryl

July 9, 2024

Jamaica’s Minister of Finance, Dr. Nigel Clarke, has revealed that the country’s Tropical Cyclone policy with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been triggered by Beryl, with a payment amount of $16.3 million.

Clarke recently received the Preliminary Modelled Loss and Policy Payment Report from the CCRIF in respect of Tropical Cyclone Beryl, noting, “The GOJ’s Tropical Cyclone policy with the CCRIF has been triggered with a payment amount of approximately US$16.3 million or approx. J$2.5 billion.

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