The Caribbean Catastrophe Risk Insurance Facility (CCRIF) SPC is preparing to make a payout of about half a million United States dollars to Anguilla, which had been heavily affected by Hurricane Gonzalo.
Reports from the National Emergency Operations Centre said that there was flooding at the Clayton J Lloyd International Airport, the Public Library and in other areas in three of the 14 districts after the Category One hurricane passed over the island on October 13, leaving a trail of destruction in its wake.
Anguilla is accessing the money under its excess rainfall insurance policy, a report from CCRIF SPC said. Anguilla is one of eight CCRIF member countries that purchased excess rainfall coverage in June at the commencement of the 2014/15 policy year. The island also has a CCRIF tropical cyclone (TC) – i.e. hurricane – policy, which is based on modelled losses due to wind and storm surge, as part of its disaster risk management strategy. These modelled losses were
