Barbados is set to receive a payout of US$5.8 million on its Excess Rainfall policy due to heavy rainfall, under the country’s CCRIF catastrophe insurance policy.

This is in the wake of heavy rainfall, which occurred during the passage of Tropical Storm Kirk earlier this month.

CCRIF SPC said Prime Minister Mia Amor Mottley will receive a special payout memento from officials Friday.

CCRIF SPC provides parametric insurance coverage for earthquake, tropical cyclone and excess rainfall events.