CREAD Executive Director Francine Baron says, ‘Risk transfer remains a top priority’, & CREAD worked with other partners to ensure affected persons receive needed funds to ‘get back on their feet’ after disasters
Executive Director of CREAD, Francine Baron claims risk transfer remains a top priority for the agency.
Speaking at Thursday’s virtual meeting on 'Dominica's Flexible Hurricane Protection Solution for Enhanced Business Resilience' Hosted by DAIC via zoom, Baron announces that based on the level of persons who were not insured or under insured in Dominica after the ravages of Tropical Storm Erika in 2015 and Hurricane Maria in 2017, CREAD has collaborated with relevant partners to ensure affected persons can receive needed funding to ‘get back on their feet’ after disasters.
The Flexible hurricane Protection (FHP) is backed by ‘Global Para metrics’ in this pilot program – in the first instance the institution has provided US $5 million dollars.
Additionally, no more than US five million dollars will be allowed at this time, and no properties will be sold after the start of the Atlantic Hurricane Season in this pilot program.
Executive Director of CREAD, Francine Baron
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