Hurricane Lisa causes first pay-out of Mesoamerican Reef Insurance Programme
The first pay-out has been made by the Mesoamerican Reef Insurance Programme when the Turneffe Atoll, off the coast of Belize, was hit by Hurricane Lisa on 2 November.
The Category 1 hurricane event triggered a $175,000 pay-out under the Programme’s parametric policy and will finance the immediate reef recovery and restoration following damage from the hurricane.
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