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A pioneering insurance scheme designed to protect fisherfolk ahead of catastrophic weather events has been met with cautious scepticism in the Oistins and Bridgetown fishing communities.
While regional authorities have hailed the initiative as a groundbreaking advancement in disaster risk management, the operators are seeking information on how the mechanism will work before pledging their support.
The innovative programme, developed jointly by the United Nations Office for Disaster Risk Reduction and CCRIF SPC, the regional insurance pool, in collaboration with the government, aims to shield approximately 6 000 fishers across the island.
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