Belize’s Rain Insurance Good For Quarter Mil.

Two weeks we told you about Belize's Hurricane Insurance with the Caribbean Catastrophe Risk Insurance Facility. After the storm they said that the losses from Hurricane Earl did not trigger the policy, and so no insurance payout was due. But, that's not the end of the story, because as it turns out, Belize purchased excess rainfall coverage for the first time for the 2016/17 policy year, and that began on June 1st. Well, that did trigger, and on August 18th, CCRIF made a payout of $261,073 US dollars to the Government of Belize under its excess rainfall insurance policy. These are as a result of heavy rains that affected the country on August 4 & 5 during Hurricane Earl.