ACCRIF 2nd Melissa payout of US$21.1m to Jamaica; total so for US$91.9m

Published on November 10, 2025

CCRIF SPC announced that it will make a second payout of US$21.1 million to the Government of Jamaica following the passage of Hurricane Melissa – due to the triggering of the Government’s excess rainfall parametric insurance policy.

Previously, on October 31, CCRIF announced that Jamaica will receive a payout of US$70.8 million (J$11.4 billion) on the country’s tropical cyclone policy. The total payouts to Jamaica from CCRIF amount to US$91.9 million (J$14.8 billion) following the devastation caused by Hurricane Melissa.

On November 3rd CCRIF provided the Government with a portion of the tropical cyclone policy payout –US$8 million to provide immediate access to quick liquidity (cash).

The remaining US$62.8 million will be paid by November 13th – in keeping with CCRIF’s key value proposition of making payouts within 14 days of an event. 

The excess rainfall policy payout will also be made within 14 days, following final model verification. Excess rainfall assessments typically take a few days longer than tropical cyclone evaluations due to the complexity of rainfall distribution and localized impacts.