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Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa
Nov 7 2025 // The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the...
Update: Jamaica to Get Record $70.8M Parametric Payout for Hurricane Melissa
Nov 4 2025 // The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of US$70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest single payout in the...
Can Parametric Insurance Bridge the FEMA Gap?
Oct 20 2025 // The way communities nationwide recover from natural disasters may never be the same. The National Flood Insurance Program (NFIP) expired on September 30. (Editor’s note: As of press time it had yet to be renewed.)...
Viewpoint: Can Parametric Insurance Bridge the FEMA Gap?
Oct 15 2025 // The way communities nationwide recover from natural disasters may never be the same. The National Flood Insurance Program (NFIP) expired on September 30. Simultaneously, pending congressional legislation stands to...
Markets/Coverages: WTW Offers Parametric Insurance With Weather-Warning Trigger
Oct 2 2025 // Willis, a business of WTW, announced the launch of a parametric policy that is activated automatically when a red weather warning is issued by the UK Met Office or Met Éireann, the Irish National Meteorological Service....
With Storms, Flooding and Potential FEMA Cuts, Parametric Flood Is on the Rise
Sep 4 2025 // With inland flooding, storm surge losses and government cutbacks on the rise, parametric flood insurance may finally be having a moment in Florida and elsewhere in the Southeast. “It’s starting to get some...
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