Grenlec Receives USD 9.3 Million Insurance Payout Following Hurricane Beryl
Grenada Electricity Services Ltd. (Grenlec) has received a welcome USD 9.3 million insurance payout from the Caribbean Catastrophic Risk Insurance Facility (CCRIF) in the aftermath of Hurricane Beryl. This payout marks Grenlec's first payout under the CCRIF, a parametric insurance the Company first subscribed to last year to mitigate financial losses caused by catastrophic