dominicanewsonline.com Jul 11 24
Corp-EFF’s Flexible Hurricane Protection insurance program enables swift post-storm payouts
dominicanewsonline.com/news/homepage/news/corp-effs-flexible-hurricane-protection-insurance-program-enables-swift-post-storm-payouts/
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Corp-EFF announces FHP program in Dominica and GrenadaA USD 1,453,813 payment was calculated for Hurricane Beryl; the organization promises prompt processing.
Key FactsJul 11, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: dominicanewsonline.com
Summary created with AI assistance · Source: dominicanewsonline.com
- Corp-EFF and Global Parametrics announced implementing the FHP program for the 2024 Atlantic Hurricane Season in Dominica and Grenada.
- The Natural Disaster Fund—NDF (UK) LP increased risk capacity amid high demand from USD 1 million to USD 3.6 million.
- A partnership with Grenada Ministry of Agriculture and the Grenada Cooperative Nutmeg Association enables up to EC$7.9 million coverage for nutmeg and cocoa farmers.
- The Calculation Agent confirmed Hurricane Beryl as a Category 4 cyclone event; at 66.9 metres per second, an index payment of USD 1,453,813 or EC$3,881,680 was calculated.
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Corp-EFF’s Flexible Hurricane Protection insurance program enables swift post-storm payouts
dominicanewsonline.com/news/homepage/news/corp-effs-flexible-hurricane-protection-insurance-program-enables-swift-post-storm-payouts/
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