Hurricane Earl’s Damage Not Enough To Trigger CCRIF Insurance

Belize pays one million dollars annually into this insurance scheme which is "designed to cover damages from wind and storm surge but not rainfall."

The report notes that at midnight on Thursday 4th August, Hurricane Earl made landfall about 5 mi SW of Belize City, with maximum sustained winds of 80 mph.

The report notes Structural damage to houses, businesses, government and private buildings.

But, they conclude dryly, that, quote, "Preliminary runs of the CCRIF loss model generated some government losses due to wind and storm surge damage in Belize. However, the modelled loss was below the attachment point of the country's Tropical Cyclone policy and therefore no payout is due." End quote.