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CCRIF SPC pays Government of Panama $26.7m after excess rainfall

Summary by ReinsuranceNe.ws
CCRIF SPC (Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company) has paid The Government of Panama $26.7 million within two weeks of a rainfall event that affected that country from October 31st to November 4th, 2024. Francisco Álvarez, Director at the Directorate of Investments, Concessions and State Risks (DICRE), explained that the CCRIF coverage is part of the national strategy to protect the country against natural dis…
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