PM Holness says Jamaica will soon receive payments from CCRIF, Catastrophe Bond following impacts of Hurricane Melissa

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

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Minister of Works says eight sawmen to travel to Trelawny today to help restore access to marooned communities

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

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Electricity restored to over 200 thousand customers, just under 50% without supply

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More

NWC says water supply restored to 65% of its customers

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More

NWC working with JPS to restore power to water systems  

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More

NWC says water supply to customers will remain consistent during and after Melissa

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More

Petrojam says it has sufficient fuel supplies as Jamaica prepares for possible impact from Tropical Storm Melissa

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More

JPS customers may see an increase in their bills if Tropical Storm Melissa passes over Jamaica

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More

Authorities capture Beryllium employee who allegedly stole millions of dollars from one of the company’s trucks

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More

New police graduates encouraged to serve with integrity, discipline and professionalism

Prime Minster Dr. Andrew Holness says the country will soon receive payments from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Catastrophe Bond.

The financial coverage instruments provide rapid financial liquidity to governments after a major natural disaster, such as a hurricane or earthquake.

Jamaica qualified to receive these payouts after the island was hit by a Category 5 hurricane last Tuesday.

Yesterday, Prime Minister Andrew Holness noted that preliminary reports indicate that damage due to Melissa amounted to around 6 to 7 billion U.S. dollars.

According to Dr. holness, while the country has not yet received the CCRIF or Catastrophe Bond payments, they are expected soon.

Holness was speaking in parliament yesterday.

Read More