CCRIF SPC to payout US$15.6 million insurance to Antigua/Barbuda, Anguilla and St Kitts/Nevis

​At least three Caribbean countries hard hit by Hurricane Irma are to receive a helping hand from the CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility). CCRIF SPC has announced that it will be making payouts totaling approximately US$15.6 million to the Governments of Antigua and Barbuda, Anguilla and St. Kitts and Nevis as a result of the passage of Hurricane Irma, which triggered payments on these countries’ Tropical Cyclone policies.
 
The Gaston Browne administration in Antigua and Barbuda, which has declared a state of emergency in Barbuda is set receive US$6,794,875. In Anguilla, where one person was killed and there was substantial damage to homes, buildings and infrastructure, CCRIF SPC will hand over US six million, five hundred and twenty-nine thousand and one hundred (US$6,529,100.)
 
St Kitts and Nevis, which also suffered some damage, will receive US$2,294,603. CCRIF is verifying the payout calculations and is in discussion with the three governments about making arrangements for transfer of these payouts, which will be completed within 14 days after the event.