Pastoralists in drought-stricken Kenya receive insurance payouts for massive livestock losses
MARSABIT, KENYA (21 October 2011) – In the midst of a drought-induced food crisis affecting millions in the Horn of Africa, an innovative insurance program for poor livestock keepers is making its first payouts today, providing compensation for some 650 insured herders in northern Kenya's vast Marsabit District who have lost up to a third of their animals.
Known as Index Based Livestock Insurance or IBLI, payouts are triggered when satellite images show that grazing lands in the region have deteriorated to the point that herders are expected to be losing more than 15 ...



