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Remember: It takes only one strike to cause untold devastation! BE PREPARED! STAY INFORMED!
COAST has been developed with the financial support of the US State Department and has been led by the World Bank and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility). In addition, the Caribbean Regional Fisheries Mechanism (CRFM) has played an essential role, as it is required that countries benefiting from COAST must be implementing the Caribbean Community Common Fisheries Policy (CCCFP). COAST, which is designed to drive sustainable finance for Caribbean fisheries, was envisioned as a parametric insurance product at a scale relevant to vulnerable fishing communities. Read more
Aftermath of Hurricane Beryl:
Aftermath of Hurricane Beryl:
On July 11, CCRIF Chief Executive Officer, Mr. Isaac Anthony and members of the CCRIF team met with Grenadaβs Prime Minister, Hon. Dickon Mitchell; Minister of Finance, Hon. Dennis Cornwall and other key officials to present the payouts totalling US$44 million for the triggering of the Governmentβs tropical cyclone, excess rainfall and COAST (fisheries sector) policies, following damage from Hurricane Beryl. Read more
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