Barbados Today April 20, 2021
Grand Cayman – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has provided financial support in the form of a grant of US$2,209,000 (approximately EC$6.0 million, BDS$4.4 million) to the Government of St. Vincent and the Grenadines following the eruption of the La Soufrière Volcano.
According to CCRIF CEO, Isaac Anthony: “This support to the Government has been made possible because CCRIF operates as a developmental insurance company, whereby our members have our commitment to support them in times of crises; seek out opportunities to enable them to enhance their resilience to current and future natural hazards; engage donors and collaborate on programmes designed to reduce vulnerability; negotiate the best prices for reinsurance, and advance disaster risk management and ecosystems-based solutions for the betterment of the peoples of the Caribbean and Central America in keeping with Agenda 2030 and the thrust to leave no one
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The effects of ashfall after explosive eruptions of La Soufriere volcano in St Vincent, April 11, 2021. (Uinversity of the West Indies Seismic Research Centre) Social Share
Grand Cayman, Cayman Islands – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) Monday said that it would be paying out an estimated US$2.2 million for relief and recovery efforts following the eruption of the La Soufrière volcano in St Vincent and the Grenadines.
The volcano first erupted on April 9, forcing the evacuation of more than 16 000 people and scientists monitoring the volcano has warned of continued seismic activity.
The CCRIF, a segregated portfolio company, owned, operated and registered in the Caribbean, said that it has provided financial support in the form of a grant of US$2 209 million to the government of St Vincent and the Grenadines.
CCRIF provides $2.2m for La Soufrière eruption relief and recovery
20-04-2021
10-07-2014
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has provided financial support in the form of a grant of $2.2 million to the government of St. Vincent and the Grenadines following the eruption of the La Soufrière Volcano.
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