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International

Pacific catastrophe risk insurer pays out $3.5 million to Tonga

February 21, 2018 Reprints

Cook Islands-based Pacific Catastrophe Risk Insurance Co. has paid out $3.5 million to Tonga's government after cyclone Gita struck the island nation on Feb. 13, Voxy.co.nz reported. The funds were transferred after seven days from the passage of the cyclone. The storm hit Tonga as a category 4 cyclone causing wide spread damage across the island.

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Pacific catastrophe risk insurer pays out $3.5 million to Tonga

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