Fisher-Folk in Saint Lucia, Grenada To Benefit From Post Disaster Insurance

Fishermen cleaning fish (Photo via Saint Lucia Times)
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(Saint Lucia Times) Fisher-Folk in Saint Lucia and Grenada are the first in the Caribbean to be covered under a unique insurance policy post the aftermath of a natural disaster.

According to a release from the National Competitiveness and Productivity Council (NCPC), with fisher-folk usually counting their losses post the hurricane season they sense relief is finally at hand.

The release noted that a team from the World Bank alongside officials from the Caribbean Catastrophy Risk Insurance Facility (CCRIF SPC) were recently on island to launch the first of its kind insurance policy specific to the fisheries sector.

It explained that the Caribbean Oceans and Aquaculture Sustainability Facility acronym COAST, is an insurance product geared at safeguarding the livelihood of fisher-folk in the aftermath of a natural disaster.

Read more at: Saint Lucia Times

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