The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has made a payout of US $4.67 million to the Government of Honduras after its parametric excess rainfall insurance policy was triggered following a severe event in November, taking CCRIF parametric payouts made for the current policy year to almost US $118 million.
Honduras was impacted by an excess rainfall event that affected that country over the period November 14th to 19th 2024.
This rainfall event significantly impacted roads across badly affected parts of Honduras, cutting off several communities and negatively impacting many people.
As with every parametric insurance payout made under policies provided by CCRIF SPC, the funds were transferred to the Government of Honduras within 14 days of the rainfall event.
FULL ORIGINAL PUBLICATION HERE
