The Caribbean Catastrophe Risk Insurance Facility (CCRIF) said that while Hurricane Irene had caused damage in six regional countries, none would receive financial compensation under their existing insurance policies.
The CCRIF — which is a not-for-profit, risk-pooling facility, owned and operated by Caribbean governments — said that the first hurricane of the 2011 Atlantic season had caused damage in Anguilla, Antigua and Barbuda, The Bahamas, Haiti, St Kitts and Nevis and the Turks and Caicos Islands.
But it said the losses were such that they did not trigger any of the policies these countries have with the CCRIF.
The CCRIF said that “the highest losses were determined for The Bahamas and the Turks and Caicos Islands” and that “none of the other four countries was impacted by more than lower tropical storm-force winds.”
