Jamaica to receive record $70.8m CCRIF parametric payout for Hurricane Melissa
Reinsurance News - Nov 03, 2025
The government of Jamaica is set to receive a record payout of USD 70.8 million (J$11.4 billion) following the passage of Hurricane Melissa, under the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) parametric insurance model. This marks the largest single payo...
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